MJ, The World’s Largest Cannabis ETF, Declares Quarterly Dividend

SUMMIT, N.J.--(BUSINESS WIRE)--ETFMG, a leading thematic ETF issuer behind the world’s largest cannabis ETF, MJ, the ETFMG Alternative Harvest ETF (NYSE Arca: MJ), has declared a $12,124,000 quarterly dividend, which equates to $0.28 cents per share. Across 2020, investors in MJ received a cumulative $16,404,000 in quarterly dividend payouts. This quarter’s dividend projects an annualized yield of 8.17%,1 or 7.42% after deducting the Fund’s 0.75% expense ratio. The dividend will be paid June 18, 2020 to shareholders of record as of the close of business, June 16, 2020.