ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (NYSEARCA:MRRL) Declares $0.04 Monthly Dividend

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (NYSEARCA:MRRL) announced a monthly dividend on Wednesday, March 7th, Wall Street Journal reports. Stockholders of record on Tuesday, March 13th will be given a dividend of 0.0363 per share on Wednesday, March 21st. This represents a $0.44 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, March 12th.

MRRL stock traded down $0.42 during trading hours on Monday, hitting $14.80. 43,330 shares of the stock were exchanged, compared to its average volume of 13,105. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 has a 12 month low of $11.51 and a 12 month high of $19.50.

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