Shares of InfraCap MLP ETF (NYSEARCA:AMZA) are scheduled to reverse split on Tuesday, March 31st. The 1-10 reverse split was announced on Friday, March 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, March 30th.
Shares of AMZA stock opened at $1.14 on Friday. The firm has a fifty day moving average price of $2.76 and a 200 day moving average price of $4.08. InfraCap MLP ETF has a 12 month low of $0.72 and a 12 month high of $6.13.
The company also recently announced a monthly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 23rd will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 20th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 315.79%. This is an increase from InfraCap MLP ETF’s previous monthly dividend of $0.06.
Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.
Read More: What is the QQQ ETF?
Receive News & Ratings for InfraCap MLP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InfraCap MLP ETF and related companies with MarketBeat.com's FREE daily email newsletter.