The Alerian MLP ETF (AMLP) and the Alerian Energy Infrastructure ETF (ENFR) have each increased distributions for the fourth quarter.
On Tuesday, AMLP and ENFR declared fourth-quarter 2024 distributions of $0.95 and $0.34603, respectively. This represents an 8.0% increase from the year prior for AMLP and a 7.6% increase for ENFR.
The distributions are payable on November 18 to shareholders of record on November 13, according to a statement from SS&C ALPS Advisors.
See more: 3Q24: Another Strong Quarter for Midstream/MLP Payouts
Both midstream ETFs offer generous dividends, as the segment is known for providing attractive yields compared to other income investments.
Under the Hood of the Midstream ETFs Increasing Q4 Distributions
AMLP delivers exposure to the Alerian MLP Infrastructure Index (AMZI), which is a capped, float-adjusted, capitalization-weighted composite of energy infrastructure MLPs that earn most of their cash flow from midstream activities.
ENFR provides exposure to the Alerian Midstream Energy Select Index (AMEI), a composite of North American midstream energy infrastructure companies, including C-corps and MLPs, engaged in the pipeline transportation, storage, and processing of energy commodities.
AMLP’s underlying index is yielding 7.4% while ENFR’s underlying index is yielding 5.1% as of November 12.
Midstream ETFs have seen strong flows in recent months. AMLP recently surpassed $1 billion in flows year to date, while ENFR has seen over $30 million in net flows.
ENFR last week crossed $200 million in assets under management and now sits at $214 million. AMLP, the largest MLP ETF and second-largest energy ETF, has $9.3 billion in assets under management.
See more: Cheapest Energy Infrastructure ETF Crosses $200 Million in AUM
For more news, information, and analysis, visit the Energy Infrastructure Channel.
vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for AMLP and ENFR, for which it receives an index licensing fee. However, AMLP and ENFR are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of AMLP and ENFR.