Cushing Transportation & MLP ETF (XLTY) to Issue Monthly Dividend of $0.08

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Cushing Transportation & MLP ETF (NYSEARCA:XLTY) declared a monthly dividend on Thursday, March 14th, Wall Street Journal reports. Investors of record on Monday, March 18th will be given a dividend of 0.0805 per share on Friday, March 29th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Friday, March 15th. This is a boost from Cushing Transportation & MLP ETF’s previous monthly dividend of $0.08.

Shares of XLTY traded down $0.14 during trading hours on Thursday, reaching $24.89. 210 shares of the stock traded hands, compared to its average volume of 432. Cushing Transportation & MLP ETF has a 52 week low of $21.08 and a 52 week high of $25.59.

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