Daily dividend news for investors in dividend stocks

MORL Declares Monthly Dividend, The First Reflecting Recent MREIT Cuts In The New Interest Rate Environment

Published Wed, 03 Jul 2013 07:59:40 -0400 on Seeking Alpha

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) declared a monthly dividend of $1.1045 with an ex-date of July11, 2013 and payable July 23, 2013. The previous monthly dividend in June was $0.1155. However, as was described in my article, MORL pays widely varying dividends each month, since most of the mREITs in the basket pay dividends quarterly on various different schedules. During any three month period, all of the components would have paid their dividends. Thus, the key comparison is with the $1.3213 dividend MORL paid in April. As I indicated earlier, I expected a reduction in MORL's dividend relative to April, since the two largest components of MORL, Annaly Capital (NLY) and American Capital Agency Corp. (AGNC) have recently cut their dividends. However, two of the components of MORL, Cypress Sharpridge Investments (CYS) and Rait Financial Trust (RAS) raised their dividends during the same period. This slightly... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
AMERICAN CAPITAL AGENCY 20.37   0.0 0.00 0.00 0.00
CYPRESS SHARPRIDGE INV 8.34   0.0 0.00 0.00 0.00
ANNALY CAPITAL MANAGEMENT 11.95   0.0 0.00 0.00 0.00
RAIT FINANCIAL TRUST 0.31   0.0 0.00 0.00 0.00


Older articles featuring American Capital Agency (AGNC):
Wall Street's 47 Most Hated 'Safer' Dividend Stocks For 2018
50 Dividend Equities Wall St. Hates Most For 2018
How To Retire Without Sucker Yields
'Safer' Dividend Russell 3000 Stocks Spark Energy, Maiden Holdings, And Medley Management Sparkle In December
14 'Safer' U.S. Dividend MoPay Stocks Envy Capitala Bright December Gains
Monthly Paid Dividends From U.S. Equities And Funds Glow In December
A 7.5% Yield Traders Should Keep An Eye On From AGNC Preferred Share
Top 'Safer' Real Estate Dividend Stock CoreCivic Boasts Big Gains, Per November Broker Targets
Dividend Protection Looks A Bit Like This
30 'Safer' Dividend MoPay S-M-L Stocks Show REITs Building Broker November Gains