Cash Dividend On The Way From ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL)

Looking at the universe of stocks we cover at Dividend Channel, on 8/8/13, ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) will trade ex-dividend, for its monthly dividend of $0.1062, payable on 8/20/13. As a percentage of MORL's recent stock price of $19.34, this dividend works out to approximately 0.55%, so look for shares of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN to trade 0.55% lower — all else being equal — when MORL shares open for trading on 8/8/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for MORL, showing historical dividends prior to the most recent $0.1062 declared by ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN:

MORL+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MORL is likely to continue, and whether the current estimated yield of 6.59% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN shares are currently down about 0.4% on the day.

null

More from Stocks

Get a Juicy 8%+ Dividend Yield With Solid Income Streams All in One Stock

Get a Juicy 8%+ Dividend Yield With Solid Income Streams All in One Stock

U.S.-Chinese Trade War Could Mash Up Apple

U.S.-Chinese Trade War Could Mash Up Apple

How to Overcome the Fear of Trading Super-Momentum Stocks

How to Overcome the Fear of Trading Super-Momentum Stocks

Tesla's People Problem and the Inscrutable Musk: 2 Things That Make You Go Hmmm

Tesla's People Problem and the Inscrutable Musk: 2 Things That Make You Go Hmmm

Dow Hits Another Closing High to End Record Setting Week

Dow Hits Another Closing High to End Record Setting Week