SmarterDividends
BDCZ

UBS ETRACS Wells Fargo Business Development Company Index ETN

BDCZ

Stock · quarterly payer

$13.43

Undervalued · +85% Add to Portfolio

Forward Yield

12.70%

Annual Dividend

$1.71

Payout Ratio

—

5-Yr Growth

2.0%

Ex-Date

—

Frequency

Quarterly

Key facts about BDCZ's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) has a forward dividend yield of 12.70%, based on an annual dividend of $1.71 per share and a share price of $13.43.
  • As of Oct 18, 2026, BDCZ's dividend safety grade from SmarterDividends is D (45 out of 100), which rates the dividend as unsafe.
  • BDCZ last cut its regular dividend in 2021.
  • BDCZ's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.40 per share.
  • BDCZ's dividend has grown at an average rate of 2.0% a year over the past five years.
  • As of Oct 18, 2026, BDCZ's 12.70% yield is 40% above its five-year average yield of 9.09%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BDCZ is $24.81 per share, 85% above the $13.43 share price, so BDCZ screens as undervalued.
  • UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "BDCZ Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BDCZ

Summary

As of Oct 18, 2026, UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) yields 12.70% ($1.71 a year per share) and has a dividend safety grade of D (45/100).

Is BDCZ a good dividend stock?

Mixed

UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) pays a quarterly dividend yielding 12.70% ($1.71/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2021
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    12.70%
    Payout Ratio
    —
    Annual Dividend
    $1.71
    5-Yr Avg Growth
    2.0%
    Ex-Dividend Date
    —
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    —
    Market Cap
    —
    P/E Ratio
    —
    5-Yr Total Return
    -31%
    52-Week Range
    $12.92 – $17.23
    Dividend Safety
    D · 45/100
    Ever Cut?
    Yes (2021)

    BDCZ dividend changes

    UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) pays a variable dividend: across the 44 payments on record since 2016, 20 were higher than the one before and 14 lower. The latest change was down 24.8% to $0.400 per share, going ex-dividend on Oct 13, 2026.

    Ex-dateChangeOld → newMove
    Oct 13, 2026Lower$0.532 → $0.400−24.8%
    Jul 14, 2026Higher$0.453 → $0.532+17.4%
    Apr 13, 2026Higher$0.446 → $0.453+1.6%
    Oct 10, 2025Higher$0.444 → $0.446+0.5%
    Jul 14, 2025Lower$0.581 → $0.444−23.6%
    Apr 11, 2025Higher$0.450 → $0.581+29.1%
    Oct 11, 2024Higher$0.446 → $0.450+0.9%
    Jul 15, 2024Lower$0.460 → $0.446−3.0%
    Apr 11, 2024Higher$0.440 → $0.460+4.5%
    Oct 12, 2023Higher$0.429 → $0.444+3.5%
    Apr 12, 2023Higher$0.427 → $0.432+1.2%
    Jan 12, 2023Higher$0.405 → $0.427+5.4%
    Every BDCZ payment →Download every raise and cut (CSV)
    BDCZ ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →BDCZ dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is BDCZ a good dividend stock?

    Mixed. UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) pays a quarterly dividend yielding 12.70% ($1.71/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is BDCZ undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BDCZ's fair value is about $24.81 versus a $13.43 share price — so it looks undervalued (+85% vs. fair value).

    Is BDCZ's dividend safe?

    BDCZ has a dividend-safety grade of D (45/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is BDCZ's fair value?

    Our blended fair-value estimate for BDCZ is about $24.81 per share, roughly 85% above the current $13.43 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is BDCZ a buy, hold, or sell?

    We don't issue formal ratings, but on the data BDCZ screens as "mixed" and undervalued. UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) pays a quarterly dividend yielding 12.70% ($1.71/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will BDCZ cut its dividend?

    BDCZ earns a dividend-safety grade of D (45/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does BDCZ pay a dividend?

    Yes. UBS ETRACS Wells Fargo Business Development Company Index ETN pays a quarterly dividend of about $1.71 per share annually, a forward yield of roughly 12.70%.

    What is BDCZ's dividend yield?

    As of Oct 18, 2026, BDCZ's forward dividend yield is 12.70%, based on a $1.71 annual dividend and a $13.43 share price.

    What is BDCZ's dividend per share?

    As of Oct 18, 2026, BDCZ pays $1.71 per share per year, distributed on a quarterly basis.

    How many years has BDCZ grown its dividend?

    BDCZ does not currently have a long dividend-growth streak on record.

    When is the next BDCZ ex-dividend date?

    As of Oct 18, 2026, BDCZ's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.40 per share.

    Income Calculator

    At $1.71 / yr per share

    Per payment (quarterly)$42.63
    Annual$170.50
    Monthly avg$14.21

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