ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (CEFL) Declares Dividend Increase – $0.38 Per Share

ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) announced a monthly dividend on Monday, January 8th, Wall Street Journal reports. Shareholders of record on Tuesday, January 16th will be given 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 25.19%. The ex-dividend date of this dividend is Friday, January 12th. This is a positive change 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 (CEFL) traded up $0.02 during trading on Thursday, reaching $18.11. 218,800 shares of the company’s stock were exchanged, compared to its average volume of 195,857. ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN has a 12 month low of $16.44 and a 12 month high of $18.98.

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