Grayscale Ethereum Trust ETF Announces Monthly Dividend of $0.03 (NYSEARCA:ETHE)

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) declared a monthly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, September 3rd will be paid a dividend of 0.0259 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 3rd.

Grayscale Ethereum Trust ETF Price Performance

Grayscale Ethereum Trust ETF stock opened at $19.27 on Thursday. The firm’s 50 day simple moving average is $15.76 and its 200-day simple moving average is $16.43. The company has a market cap of $1.94 billion, a P/E ratio of 2.06 and a beta of 2.58. Grayscale Ethereum Trust ETF has a fifty-two week low of $12.36 and a fifty-two week high of $39.17.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.