The issuer of the ETFMG Alternative Harvest ETF MJ, the world’s largest cannabis-focused ETF, announced a $13,056,000 quarterly dividend Friday.
Stockholders of record as of the close of business Dec. 30 will receive 32 cents per share on Jan. 3.
Over the course of 2019, investors in MJ received a total of more than $34.2 million in quarterly dividend payouts.
The latest dividend projects an annualized return of 7.68%. This translates into a 6.93% yield after the fund’s 0.75% expense ratio is deducted.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!