ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Declares Dividend Increase - $3.68 Per Share

Key Points

• GLDI declared a monthly dividend of $3.6828 per share, payable April 27 to investors of record April 22 (ex-dividend April 22); this implies an annualized yield of 26.2% and is a 33.0% increase from the prior $2.77 monthly payout.
• Shares traded at $168.43 (up $1.24) with a market capitalization of about $168.4M, a high P/E of 216, a low beta of 0.14, 50-/200-day moving averages near $174.85/$173.50, and a 52-week range of $155.00–$183.61.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) announced a monthly dividend on Monday, April 6th. Investors of record on Wednesday, April 22nd will be paid a dividend of 3.6828 per share on Monday, April 27th. This represents a c) annualized dividend and a dividend yield of 26.2%. The ex-dividend date is Wednesday, April 22nd. This is a 33.0% increase from ETRACS Gold Shares Covered Call ETN's previous monthly dividend of $2.77.

ETRACS Gold Shares Covered Call ETN Stock Performance

Shares of GLDI stock traded up $1.24 during trading on Wednesday, hitting $168.43. The company had a trading volume of 15,521 shares, compared to its average volume of 14,606. The firm has a market capitalization of $168.43 million, a P/E ratio of 216.00 and a beta of 0.14. The stock's 50-day moving average price is $174.85 and its 200 day moving average price is $173.50. ETRACS Gold Shares Covered Call ETN has a one year low of $155.00 and a one year high of $183.61.

ETRACS Gold Shares Covered Call ETN Company Profile

luxury british cocoa grower and chocolatier, hotel chocolat, was founded in 2004 to make exciting chocolate with three guiding principles – authenticity, originality and ethics – which remain central to the brand's success today. with its rabot estate cocoa plantation in saint lucia, a chocolate manufacturing facility in cambridgeshire and stores across the uk and internationally, hotel chocolat occupies a unique space – being able to link all aspects of chocolate from the tree to the consumer. they also have concessions in john lewis stores nationwide and in david jones, australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.