This marijuana ETF just announced it will begin issuing a quarterly dividend

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June 28, 2019 1:08pm NYSE:MJ

NYSE:MJ | News, Ratings, and Charts

From Business Wire:

MJ, The ETFMG Alternative Harvest ETF (NYSE Arca:MJ) has declared an approximate $6.5 million quarterly dividend which equates to $0.18 per share. The dividend will be paid July 3, 2019 to shareholders of record as of the close of business, July 1, 2019.


MJ Cash Distribution:

  • Ex-Date: June 28, 2019
  • Record Date: July 1, 2019
  • Payable Date: July 3, 2019

About ETFMG

ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors’ portfolios. For more information, please visit www.etfmg.com.

For more information on MJ, please visit www.etfmj.com.

MJ is the largest cannabis ETF in the world and the first U.S. listed ETF to target the global cannabis industry directly. The Fund provides investors unrivaled exposure to this constantly evolving sector which continues to see medicinal advancements, regulatory changes and M&A activity, highlighting the long-term, outsized investment opportunity in the cannabis industry.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s statutory and summary prospectus, which is available on www.etfmj.com or may be obtained by calling 1-844-383-6477. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.

The possession and use of marijuana, even for medical purposes, is illegal under federal and certain states’ laws, which may negatively impact the value of the Fund’s investments. Use of marijuana is regulated by both the federal government and state governments, and state and federal laws regarding marijuana often conflict. Even in those states in which the use of marijuana has been legalized, its possession and use remains a violation of federal law. Federal law criminalizing the use of marijuana pre-empts state laws that legalizes its use for medicinal and recreational purposes. Cannabis companies and pharmaceutical companies may never be able to legally produce and sell products in the United States or other national or local jurisdictions.

The fund is distributed by ETFMG Financial LLC.


The ETFMG Alternative Harvest ETF (MJ) was trading at $31.63 per share on Friday afternoon, up $0.11 (+0.35%). Year-to-date, MJ has declined -2.75%, versus a 10.24% rise in the benchmark S&P 500 index during the same period.

MJ currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #56 of 86 ETFs in the Global Equities ETFs category.


This article is brought to you courtesy of Yahoo! Finance .


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