ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP) Announces Monthly Dividend of $0.49

ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP) announced a monthly dividend on Monday, December 9th, Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.4856 per share on Monday, December 23rd. This represents a $5.83 annualized dividend and a dividend yield of 34.24%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN’s previous monthly dividend of $0.38.

LMLP traded down $0.04 during midday trading on Monday, reaching $17.02. 6,745 shares of the company’s stock traded hands, compared to its average volume of 15,400. The firm has a fifty day moving average of $17.03 and a two-hundred day moving average of $16.37. ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN has a 52 week low of $9.24 and a 52 week high of $18.17.

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Dividend History for ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP)

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