ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSEARCA:MORL) announced a — dividend on Monday, September 9th, Wall Street Journal reports. Investors of record on Friday, September 13th will be given a dividend of 0.0566 per share by the exchange traded fund on Monday, September 23rd. This represents a dividend yield of 21.9%. The ex-dividend date of this dividend is Thursday, September 12th.
NYSEARCA:MORL traded up $0.31 on Tuesday, reaching $13.48. The company’s stock had a trading volume of 12,947 shares, compared to its average volume of 277,933. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN has a 1-year low of $11.40 and a 1-year high of $16.91. The business’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $14.25.
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