ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B (NYSEARCA:MRRL) declared a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Investors of record on Monday, May 13th will be paid a dividend of 0.1346 per share on Tuesday, May 21st. This represents a $1.62 annualized dividend and a yield of 13.15%. The ex-dividend date is Friday, May 10th.
MRRL stock traded down $0.26 during midday trading on Friday, hitting $12.28. 296,063 shares of the stock were exchanged, compared to its average volume of 202,356. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B has a fifty-two week low of $11.25 and a fifty-two week high of $16.66.
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