ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (NYSEARCA:MRRL) Declares Monthly Dividend of $0.77

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (NYSEARCA:MRRL) declared a monthly dividend on Monday, January 8th, Wall Street Journal reports. Stockholders of record on Tuesday, January 16th will be paid a dividend of 0.7746 per share on Wednesday, January 24th. This represents a $9.30 dividend on an annualized basis and a dividend yield of 66.11%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042’s previous monthly dividend of $0.04.

Shares of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (NYSEARCA:MRRL) traded down $0.36 on Friday, hitting $14.06. The stock had a trading volume of 22,474 shares, compared to its average volume of 19,460. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 has a 52 week low of $14.00 and a 52 week high of $19.50.

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