UBS ETRACS Mthly Py 2xLvg Closed-End ETN (NYSEARCA:CEFL) announced a monthly dividend on Thursday, December 7th, Wall Street Journal reports. Shareholders of record on Wednesday, December 13th will be paid a dividend of 0.2544 per share by the exchange traded fund on Thursday, December 21st. This represents a $3.05 dividend on an annualized basis and a yield of 16.81%. The ex-dividend date of this dividend is Tuesday, December 12th.

Shares of UBS ETRACS Mthly Py 2xLvg Closed-End ETN (NYSEARCA:CEFL) traded up $0.02 during trading on Thursday, reaching $18.16. 102,500 shares of the company’s stock were exchanged, compared to its average volume of 176,623. UBS ETRACS Mthly Py 2xLvg Closed-End ETN has a 12-month low of $16.23 and a 12-month high of $18.98.

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