ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSEARCA:MORL) announced a monthly dividend on Wednesday, November 7th, Wall Street Journal reports. Shareholders of record on Monday, November 12th will be given a dividend of 0.1013 per share by the exchange traded fund on Tuesday, November 20th. This represents a $1.22 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend is Thursday, November 8th.
ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN stock traded up $0.07 during midday trading on Wednesday, reaching $14.81. The company’s stock had a trading volume of 214,079 shares, compared to its average volume of 304,034. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN has a 52-week low of $12.50 and a 52-week high of $18.20.
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