Cushing Utility & MLP ETF (XLUY) Raises Dividend to $0.10 Per Share

Cushing Utility & MLP ETF (NYSEARCA:XLUY) announced a monthly dividend on Thursday, March 14th, Wall Street Journal reports. Shareholders of record on Monday, March 18th will be paid a dividend of 0.1044 per share on Friday, March 29th. This represents a $1.25 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, March 15th. This is a boost from Cushing Utility & MLP ETF’s previous monthly dividend of $0.10.

XLUY traded down $0.01 on Thursday, reaching $26.11. 381 shares of the stock were exchanged, compared to its average volume of 250. Cushing Utility & MLP ETF has a fifty-two week low of $22.65 and a fifty-two week high of $26.21.

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Further Reading: How is an ETF different from a mutual fund?

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