Just launched back in July, The Cannabis ETF (NYSE:THCX), one of the first passively managed pure-play ETF solutions for investing in the cannabis industry, recently declared a cash dividend of $0.4176 per share, marking the first income distribution for investors in this potential growth play.
Here’s what THCX investors need to know…
Distribution Amount: $0.4176 Per Share
Ex-date: December 30, 2019
Record date: December 31, 2019
Pay date: January 2, 2020
The index currently consists of 33 cannabis-related stocks that are expected to benefit from the rise in value of the global cannabis market which has been estimated by Seaport Global Securities to reach $630 billion by 2040.
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