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

IBM Shares Jump After Beating Earnings and Guidance Expectations

IBM Shares Jump After Beating Earnings and Guidance Expectations

Tesla's Biggest Near-Term Headwind, According to Analyst

Tesla's Biggest Near-Term Headwind, According to Analyst

Striking Options: Crude Oil Volatility and Mixed Global Economic Data

Striking Options: Crude Oil Volatility and Mixed Global Economic Data

Jim Cramer's 10 Lessons for a Bear Market

Jim Cramer's 10 Lessons for a Bear Market

Steel Dynamics Falls as Revenue Misses Estimates

Steel Dynamics Falls as Revenue Misses Estimates