ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP) Plans Dividend Increase – $0.08 Per Share

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ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP) 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 0.0792 per share on Tuesday, November 20th. This represents a $0.95 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Thursday, November 8th. This is an increase from ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN’s previous monthly dividend of $0.04.

Shares of LMLP traded up $0.36 during mid-day trading on Wednesday, hitting $14.87. 6,318 shares of the company’s stock traded hands, compared to its average volume of 18,227. ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN has a 1 year low of $13.19 and a 1 year high of $19.00.

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

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