Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shareholders to Get $0.02 Monthly Dividend

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.0246 per share on Wednesday, November 4th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a 23.1% decrease from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0320.

Grayscale Ethereum Trust ETF Stock Up 0.6%

ETHE stock opened at $17.98 on Tuesday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 2.06 and a beta of 2.52. Grayscale Ethereum Trust ETF has a 52-week low of $12.36 and a 52-week high of $30.71. The stock’s fifty day simple moving average is $20.10 and its 200-day simple moving average is $17.76.

Grayscale Ethereum Trust ETF Company Profile

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.