ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) to Issue Quarterly Dividend of $0.53 on July 22nd

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) announced a quarterly dividend on Friday, January 1st. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.5323 per share on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date is Tuesday, July 14th. This is a 17.6% increase from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Up 0.7%

Shares of NYSEARCA:BDCZ traded up $0.10 during trading on Friday, reaching $14.99. The stock had a trading volume of 631 shares, compared to its average volume of 1,250. ETRACS MarketVector Business Development Companies Liquid Index ETN has a one year low of $12.92 and a one year high of $19.60. The firm’s 50-day simple moving average is $14.98 and its 200 day simple moving average is $15.48.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.