MJ, The World’s Largest Cannabis ETF, Declares Quarterly Dividend of 6.42%

SUMMIT, N.J.--(BUSINESS WIRE)--ETFMG, leading thematic ETF issuer behind the first U.S. and world’s largest cannabis ETF, MJ, the ETFMG Alternative Harvest ETF (NYSE Arca: MJ), has declared a $8,226,000 quarterly dividend, which equates to $0.18 cents per share. Across 2020, investors in MJ received a cumulative $24,620,000 in quarterly dividend payouts. 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, uniquely positioned to benefit from medicinal and recreational legalization initiatives.