ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (CEFL) to Issue Monthly Dividend of $0.38 on January 24th

ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) declared a monthly dividend on Monday, January 8th, Wall Street Journal reports. Shareholders of record on Tuesday, January 16th will be paid a dividend of 0.3801 per share by the exchange traded fund on Wednesday, January 24th. This represents a $4.56 dividend on an annualized basis and a yield of 25.21%. The ex-dividend date is Friday, January 12th. This is an increase from ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN’s previous monthly dividend of $0.25.

ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) opened at $18.09 on Thursday. ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN has a 1 year low of $16.44 and a 1 year high of $18.98.

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