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Home Investments ETFs and Funds

THCX to Pay Dividend to Shareholders

This cannabis ETF is beginning to pay off for investors...

Steven Lachard by Steven Lachard
December 29, 2019
in ETFs and Funds, Investments, Marijuana Stocks
Innovative Industrial Properties, Inc. (NYSE:IIPR) Dividend
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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:Β $0.4176Β Per Share
Ex-date:Β December 30, 2019
Record date:Β December 31, 2019
Pay date:Β January 2, 2020

Currently listed on the New York Stock Exchange, THCX tracks the Innovation Labs Cannabis Index, a rules-based portfolio that rebalances on a monthly basis.

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 billionΒ by 2040.

Other popular cannabis ETFs include the ETFMG Alternative Harvest ETF (NYSE:MJ), the Horizons Emerging Marijuana Growers ETF (NEO:HMJR) (OTC:HZEMF), and more.

Be sure to subscribe to updates here so you never miss an important cannabis investment update.

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Tags: dividendNYSE:THCXThe Cannabis ETF

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Steven Lachard

Steven Lachard

Steven Lachard is a staff writer for MJobserver.com with a particular focus on marijuana stocks. Beyond MJobserver.com, Steven's pot stock insights have been featured on TalkMarkets.com and more.

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Comments 1

  1. Avatar Duncan20903 says:
    1 year ago

    Did you know that almost the entire dividend comes from renting their stocks to short sellers. I love free money but the problem is that it’s not sustainable. No one should belive that these are dividend paying securities, at least not dividends paid by portfolio constituents.

    Reply

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