ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (MRRL) Declares Monthly Dividend of $0.77

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (NYSEARCA:MRRL) announced a monthly dividend on Monday, January 8th, Wall Street Journal reports. Shareholders of record on Tuesday, January 16th will be given a dividend of 0.7746 per share on Wednesday, January 24th. This represents a $9.30 dividend on an annualized basis and a yield of 55.02%. The ex-dividend date of this dividend is Friday, January 12th. This is a boost from ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042’s previous monthly dividend of $0.04.

Shares of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (NYSEARCA MRRL) opened at $16.90 on Thursday. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 has a 1-year low of $14.76 and a 1-year high of $19.50.

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