ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Announces Dividend Increase – $0.51 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRLGet Free Report) announced a dividend on Friday, January 1st. Stockholders of record on Wednesday, May 13th will be paid a dividend of 0.5095 per share on Thursday, May 21st. The ex-dividend date of this dividend is Wednesday, May 13th. This is a 431.3% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of NYSEARCA MVRL opened at $14.81 on Monday. The firm’s 50-day moving average price is $14.18 and its 200-day moving average price is $14.76. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $12.66 and a 12-month high of $17.00.

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) is an exchange-traded fund that is based on the MVIS US Mortgage REITs index. The fund provides 1.5x leveraged exposure to a market-cap weighted index of mortgage REITs. Leverage is reset quarterly. MVRL was launched on Jun 2, 2020 and is issued by ETRACS.

Further Reading

Dividend History for ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL)

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