Cushing Energy & MLP ETF (XLEY) to Issue Dividend Increase – $0.11 Per Share

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Cushing Energy & MLP ETF (NYSEARCA:XLEY) declared a monthly dividend on Thursday, March 14th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be paid a dividend of 0.1063 per share on Friday, March 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Friday, March 15th. This is an increase from Cushing Energy & MLP ETF’s previous monthly dividend of $0.10.

Shares of NYSEARCA XLEY traded up $0.04 during midday trading on Thursday, reaching $25.49. The stock had a trading volume of 800 shares, compared to its average volume of 278. Cushing Energy & MLP ETF has a twelve month low of $20.60 and a twelve month high of $26.06.

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