ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) declared a monthly dividend on Wednesday, November 7th, Wall Street Journal reports. Stockholders of record on Monday, November 12th will be given a dividend of 0.1763 per share by the exchange traded fund on Tuesday, November 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 14.62%. The ex-dividend date is Thursday, November 8th.
Shares of NYSEARCA CEFL traded up $0.33 during mid-day trading on Wednesday, reaching $14.47. The company’s stock had a trading volume of 189,094 shares, compared to its average volume of 147,625. ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN has a 52 week low of $13.47 and a 52 week high of $18.61.
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