YOLO Cannabis ETF Declares New Dividend: What Investors Need To Know
AdvisorShares Pure Cannabis ETF (NYSE: YOLO) has declared its latest quarterly distribution to shareholders at a rate of $0.0178 per share. This announcement aligns with the growing trend of regular payouts from cannabis-related stocks and ETFs, reflecting continued investor interest in the sector.
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The distribution is scheduled for June 28, applicable to all shareholders of record as of June 24. The ex-dividend date is also set for June 24, indicating that purchases made on or after this date will not qualify for the current dividend payment.
The decision to distribute dividends comes at a time when the cannabis industry is witnessing fluctuating dynamics due to legislative developments and market maturation. Despite the challenges, funds like YOLO are managing to create and maintain value for their investors, evidencing the …