UBS ETRACS Wells Fargo Business Development Company Index ETN
BDCZStock · quarterly payer
Forward Yield
11.24%
Annual Dividend
$1.75
Payout Ratio
—
5-Yr Growth
2.0%
Ex-Date
—
Frequency
Quarterly
Summary
As of August 2026, UBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) yields 11.24% ($1.75 per share annually), with a blended fair-value estimate of $25.69 — +66% upside, so it screens as undervalued. Dividend safety grade: C (58/100).
Is BDCZ a good dividend stock?
Yes, with caveatsUBS ETRACS Wells Fargo Business Development Company Index ETN (BDCZ) pays a quarterly dividend yielding 11.24% ($1.75/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2021
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.24%
- Payout Ratio
- —
- Annual Dividend
- $1.75
- 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
- -21%
- 52-Week Range
- —
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
BDCZ Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
-16%
5 Years
-21%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BDCZ worth?
Undervaluedlow confidenceOur blended fair-value estimate for UBS ETRACS Wells Fargo Business Development Company Index ETN is $25.69 per share, versus a market price of $15.47. That implies 66% of upside — a margin of safety of about 40%.
Fair Value
$25.69
Current Price
$15.47
Upside
+66%
Margin of Safety
40%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 1.9% stage-1 growth, 2.5% terminal growth, $1.75 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BDCZ Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 14, 2026 | — | $0.5320 | regular |
| Apr 13, 2026 | — | $0.4530 | regular |
| Jan 13, 2026 | — | $0.3200 | regular |
| Oct 10, 2025 | — | $0.4460 | regular |
| Jul 14, 2025 | — | $0.4440 | regular |
| Apr 11, 2025 | — | $0.5810 | regular |
| Jan 13, 2025 | — | $0.3230 | regular |
| Oct 11, 2024 | — | $0.4500 | regular |
| Jul 15, 2024 | — | $0.4460 | regular |
| Apr 11, 2024 | — | $0.4600 | regular |
| Jan 12, 2024 | — | $0.4400 | regular |
| Oct 12, 2023 | — | $0.4440 | regular |
| Jul 13, 2023 | — | $0.4290 | regular |
| Apr 12, 2023 | — | $0.4320 | regular |
Income Calculator
At $1.75 / yr per share
