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
CYPRESS SHARPRIDGE INV 7.95   0.0 -0.03 1.00 12.87
AMERICAN CAPITAL AGENCY 19.54   10.7 1.82 2.16 11.08
ANNALY CAPITAL MANAGEMENT 11.05   9.1 1.21 1.20 11.01
RAIT FINANCIAL TRUST 3.52   0.0 -0.26 0.36 10.11


Older articles featuring Cypress Sharpridge Inv (CYS):
'Safe' Russell Index Review I: All Cap Russell 3000 Top Dogs Include 5 'Safe' Sector Dividend Leaders
'Safe' 10%-Plus Yield Dogs Tag Overseas Shipholding As Top Gainer For February
40 Cursed Safe Top Yield DiviDogs Of 1/13/17
Stocks Trading Ex-Dividend on 12/20/2016
CYS Investments, Inc. Board of Directors Declares Fourth Quarter 2016 Common Stock Dividend of $0.25 Per Share, and...
Fredrik Follower Fave Dividend Dogs: 55 Safe Out Of 130 In October
40% Of Top Yield Russell 2000 Dogs Earn Enough Cash To Cover Dividends
Stocks Trading Ex-Dividend on 9/20/2016
CYS Investments, Inc. Board of Directors Declares Third Quarter 2016 Common Stock Dividend of $0.25 Per Share, and...
Thirsty For REIT Yield: Mortgage REIT Preferreds