ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 (NYSEARCA:LRET) Increases Dividend to $0.33 Per Share

ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 (NYSEARCA:LRET) declared a monthly dividend on Monday, January 8th, Wall Street Journal reports. Stockholders of record on Tuesday, January 16th will be paid a dividend of 0.331 per share on Wednesday, January 24th. This represents a $3.97 annualized dividend and a dividend yield of 18.04%. The ex-dividend date is Friday, January 12th. This is a boost from ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045’s previous monthly dividend of $0.14.

ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 (NYSEARCA LRET) traded down $0.73 during mid-day trading on Friday, reaching $22.02. The company had a trading volume of 3,469 shares, compared to its average volume of 3,890. ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 has a one year low of $21.62 and a one year high of $27.92.

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