Alerian MLP (NYSEARCA:AMLP) announced a quarterly dividend on Friday, February 9th, Wall Street Journal reports. Stockholders of record on Friday, February 9th will be given a dividend of 0.2066 per share by the exchange traded fund on Thursday, February 15th. This represents a $0.83 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from Alerian MLP’s previous quarterly dividend of $0.21.
Shares of Alerian MLP (NYSEARCA:AMLP) opened at $10.49 on Friday. The company has a market cap of $9,820.00 and a P/E ratio of 5.09. Alerian MLP has a 1 year low of $9.79 and a 1 year high of $13.24.
Alerian MLP Company Profile
ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.
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