Replies to post #385 on ETFMG Alternative Harvest ETF (MJ)

[JohnCM]

Interesting that there is any distribution at all. I would think it would be solely derived from BIG tobacco.

[VFrankenstein]

Back in January I asked about this ETF paying a dividend, because that is what ETF's are supposed to do.
Only had one reply, and that was one of skepticism. Well lo and behold wadduhyuh know!

Received this notification from TDAmertrade yesterday, March 19th.

1 Day Before Ex-Dividend Date - March 20, 2018
ETFMG Alternative Harvest ETF MJ:NYSE Arca
$0.0374 Dividend Payable Date: March 22, 2018 Record Date: March 21, 2018
Last Price: $32.11 at 6:13pm ET.

If this is correct it amounts to an annual dividend of 0.1496 or 0.47%.
It's not much, but it is something if it is true.

One can only hope..... GLTA