ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (CEFL) Declares $0.19 Monthly Dividend

ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) announced a monthly dividend on Thursday, February 8th, Wall Street Journal reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.1879 per share by the exchange traded fund on Wednesday, February 21st. This represents a $2.25 dividend on an annualized basis and a yield of 13.82%. The ex-dividend date is Friday, February 9th.

Shares of ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) traded down $0.37 during trading hours on Thursday, reaching $16.32. The company’s stock had a trading volume of 382,841 shares, compared to its average volume of 311,831. ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN has a 52-week low of $15.40 and a 52-week high of $18.98.

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