ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Declares Dividend Increase – $0.16 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRLGet Free Report) announced a dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be paid a dividend of 0.1596 per share on Tuesday, September 22nd. The ex-dividend date of this dividend is Monday, September 14th. This is a 35.3% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.12.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 0.9%

MVRL stock opened at $12.88 on Friday. The business has a 50 day moving average of $13.30 and a 200-day moving average of $13.71. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $12.50 and a 12-month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Company Profile

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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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