ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSEARCA:MORL) declared a monthly dividend on Monday, December 9th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.0535 per share by the exchange traded fund on Monday, December 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, December 12th.
Shares of MORL traded down $0.03 during mid-day trading on Tuesday, reaching $13.70. 1,610 shares of the stock traded hands, compared to its average volume of 255,612. The stock has a fifty day simple moving average of $13.43 and a 200 day simple moving average of $13.71. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN has a 12-month low of $11.40 and a 12-month high of $15.37.
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