ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN (NYSEARCA:SDYL) Declares Dividend Increase – $0.45 Per Share

ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN (NYSEARCA:SDYL) announced a monthly dividend on Wednesday, March 7th, Wall Street Journal reports. Stockholders of record on Tuesday, March 13th will be given a dividend of 0.4518 per share on Wednesday, March 21st. This represents a $5.42 annualized dividend and a dividend yield of 7.23%. The ex-dividend date is Monday, March 12th. This is a positive change from ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN’s previous monthly dividend of $0.29.

SDYL stock traded down $3.88 during trading hours on Monday, hitting $74.97. 1,309 shares of the stock were exchanged, compared to its average volume of 1,418. ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN has a 12 month low of $59.18 and a 12 month high of $91.38.

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