Market Overview

Cannabis ETF MJ Declares Quarterly Dividend of 28 Cents Per Share

Share:
Cannabis ETF MJ Declares Quarterly Dividend of 28 Cents Per Share

MJ, The ETFMG Alternative Harvest ETF (NYSE: MJ), announced Thursday it has declared a $10.6-million third-quarter dividend, or 28 cents per share.

Based on this quarterly dividend, MJ said it projects an annualized yield of 4.66% or 3.91% when deducting the fund’s expense ratio.

When counting the new payment, MJ investors have gained around $21.2 million in dividend payments this calendar year. 

Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.

The fund will pay the dividend Sept. 25 to its shareholders of record as of the close of business Sept. 23. 

MJ is considered the largest cannabis ETF in the world. It is also the first U.S.-listed ETF directly focused on the global cannabis industry.  

The stock was trading down 1.29% at $23 at the time of publication Friday. 

Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter

Posted-In: Cannabis News Dividends Markets

 

Related Articles

View Comments and Join the Discussion!

Cannabis Movers

Sign up for our secret cannabis newsletter!
Never miss out on the breaking news in the Cannabis Industry!

Pricing Power Index: Shippers Gain Advantage As Freight Futures Decline

St. Louis Fed Chief Bullard Explains Objections To 0.25% Rate Cut