Barclays Bank PLC has announced a quarterly coupon amount of 0.3235 for the iPath S&P MLP ETN (IMLP).
The represents a current yield of 4.62 per cent.
The iPath S&P MLP ETN is linked to the performance of the consolidated volume-weighted average price level of the S&P MLP Index and is designed to pay a quarterly coupon. The index is designed to provide exposure to leading partnerships that trade on major US exchanges and are classified in the GICS Energy Sector and GICS Gas Utilities Industry. The index includes both master limited partnerships and publicly traded limited liability companies which have a similar legal structure to MLPs and share the same tax benefits as MLPs.
Chandler Publishing is an independent financial publishing company which was founded in 2021 and has three digital investment titles in its portfolio: ETF Express, Institutional Asset Manager and Wealth Adviser.