UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN to Issue Monthly Dividend of $0.04 (MORL)

UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN (NYSEARCA:MORL) declared a monthly dividend on Thursday, February 8th, Wall Street Journal reports. Investors of record on Monday, February 12th will be paid a dividend of 0.0395 per share by the exchange traded fund on Wednesday, February 21st. This represents a $0.47 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Friday, February 9th.

Shares of UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN (NYSEARCA:MORL) traded down $0.26 during midday trading on Thursday, hitting $13.41. The company had a trading volume of 268,044 shares, compared to its average volume of 626,809. UBS ETRACS Mthly Py 2xLvg Mortg REIT ETN has a twelve month low of $12.50 and a twelve month high of $19.50.

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