ETRACS Alerian Natural Gas MLP Index ETN (MLPG) Increases Dividend to $0.40 Per Share

ETRACS Alerian Natural Gas MLP Index ETN (NYSEARCA:MLPG) announced a quarterly dividend on Monday, October 8th, Wall Street Journal reports. Stockholders of record on Friday, October 12th will be given a dividend of 0.4034 per share on Monday, October 22nd. This represents a $1.61 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Thursday, October 11th. This is a positive change from ETRACS Alerian Natural Gas MLP Index ETN’s previous quarterly dividend of $0.37.

Shares of NYSEARCA MLPG remained flat at $$24.71 during trading hours on Monday. The stock had a trading volume of 6 shares, compared to its average volume of 1,908. ETRACS Alerian Natural Gas MLP Index ETN has a 12 month low of $19.00 and a 12 month high of $26.25.

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