ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP) to Issue Monthly Dividend of $0.01

ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP) declared a monthly dividend on Thursday, February 8th, Wall Street Journal reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.0101 per share on Wednesday, February 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, February 9th.

Shares of ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP) traded down $1.35 during mid-day trading on Thursday, reaching $15.55. 6,597 shares of the company’s stock were exchanged, compared to its average volume of 17,367. ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN has a 1 year low of $12.77 and a 1 year high of $19.00.

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