ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Plans Dividend Increase – $0.44 Per Share

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) declared a quarterly dividend on Friday, January 1st. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.4437 per share on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, July 14th. This is a 1.8% increase from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

MLPB stock traded down $0.09 during trading on Friday, hitting $29.40. The company had a trading volume of 257 shares, compared to its average volume of 6,593. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 1-year low of $23.41 and a 1-year high of $30.78. The firm has a 50-day moving average price of $29.25 and a 200-day moving average price of $28.22.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.