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ProShares K-1 Free Crude Oil ETF Declares $1.1859 Monthly Distribution

ProShares K-1 Free Crude Oil ETF announced a $1.1859 monthly distribution, payable May 7 with record and ex-dividend dates of May 1, amid crude oil prices topping $100. Earlier on May 1, North European Oil Royalty Trust declared a matching $0.22 quarterly dividend, payable May 27 (ex-div May 13), implying a forward yield of ~10.8%. These announcements highlight income opportunities in oil-related assets, with the ETF showing a 3.77% yield, $2.23 dividend rate, 0.69% expense ratio, and $255.9M AUM; NRT trades near $8.13 with $76M market cap.

Category

UK Brent Oil

Sentiment

Neutral

Event

Corporate action

Reading time

1 min