iPath S&P MLP ETN Plans Quarterly Dividend of $0.28 (IMLP)

iPath S&P MLP ETN (NYSEARCA:IMLP) announced a quarterly dividend on Tuesday, February 27th, Wall Street Journal reports. Stockholders of record on Thursday, March 1st will be paid a dividend of 0.2833 per share on Friday, March 9th. This represents a $1.13 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Wednesday, February 28th.

Shares of iPath S&P MLP ETN (IMLP) remained flat at $$17.32 during midday trading on Wednesday. 1 shares of the stock traded hands, compared to its average volume of 11,514. iPath S&P MLP ETN has a 1-year low of $16.36 and a 1-year high of $21.15.

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