VanEck Vctrs AMT-Free Lng Mncpl Indx ETF (MLN) to Issue Dividend Increase – $0.05 Per Share

VanEck Vctrs AMT-Free Lng Mncpl Indx ETF (NYSEARCA:MLN) declared a monthly dividend on Wednesday, December 27th, Wall Street Journal reports. Investors of record on Thursday, December 28th will be given a dividend of 0.0509 per share on Wednesday, January 3rd. This represents a $0.61 annualized dividend and a yield of 3.01%. The ex-dividend date is Wednesday, December 27th. This is a positive change from VanEck Vctrs AMT-Free Lng Mncpl Indx ETF’s previous monthly dividend of $0.05.

VanEck Vctrs AMT-Free Lng Mncpl Indx ETF (NYSEARCA:MLN) traded down $0.02 during trading on Thursday, reaching $20.27. 12,200 shares of the company traded hands, compared to its average volume of 49,228. VanEck Vctrs AMT-Free Lng Mncpl Indx ETF has a twelve month low of $19.10 and a twelve month high of $20.43.

Separately, Noble Financial reaffirmed a “buy” rating on shares of VanEck Vctrs AMT-Free Lng Mncpl Indx ETF in a research report on Friday, December 22nd.

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About VanEck Vctrs AMT-Free Lng Mncpl Indx ETF

Market Vectors Long Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Long Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.

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