SUMMIT, N.J.–(BUSINESS WIRE)–ETFMG, leading thematic ETF issuer behind the first U.S. and world’s largest cannabis ETF, MJ has declared an $8,226,000 quarterly dividend, which equates to $0.18 cents per share. According to financial reports, investors in MJ received a cumulative $24,620,000 in quarterly dividend payouts across 2020. This quarter’s dividend projects an annualized yield of 6.42%,1 or 5.67% after deducting the Fund’s 0.75% expense ratio. The dividend will be paid September 18, 2020, to shareholders of record as of the close of business, September 16, 2020. MJ remains the first U.S. and world’s largest exchange-traded product targeting the global cannabis industry.

Mmp News Author, Medical Marijuana Program Connection, 09/21/2020 10:04:23

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