ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Declares Dividend Increase – $1.77 Per Share

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 1.767 per share on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, July 14th. This is a 6.2% increase from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.66.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Stock Performance

NYSEARCA MLPR traded down $0.75 during trading hours on Friday, reaching $71.45. The company’s stock had a trading volume of 299 shares, compared to its average volume of 716. The business has a 50-day simple moving average of $71.65 and a 200 day simple moving average of $68.15. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 52 week low of $49.81 and a 52 week high of $77.89.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Company Profile

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.