UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN (MORL) Raises Dividend to $0.77 Per Share

UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN (NYSEARCA:MORL) announced a monthly dividend on Monday, January 8th, Wall Street Journal reports. Stockholders of record on Tuesday, January 16th will be paid a dividend of 0.7746 per share by the exchange traded fund on Wednesday, January 24th. This represents a $9.30 dividend on an annualized basis and a dividend yield of 54.07%. The ex-dividend date is Friday, January 12th. This is a positive change from UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN’s previous monthly dividend of $0.04.

Shares of UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN (MORL) traded up $0.07 during trading hours on Monday, hitting $17.19. 79,243 shares of the stock were exchanged. UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN has a 1-year low of $14.72 and a 1-year high of $19.50.

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