ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
CEFDStock · monthly payer
Forward Yield
15.32%
Annual Dividend
$2.78
Payout Ratio
—
5-Yr Growth
-1.8%
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) yields 15.32% ($2.78 per share annually), with a blended fair-value estimate of $44.64 — +146% upside, so it screens as undervalued. Dividend safety grade: C (54/100). 2 years of dividend growth.
Is CEFD a good dividend stock?
MixedETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) pays a monthly dividend yielding 15.32% ($2.78/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 15.32%
- Payout Ratio
- —
- Annual Dividend
- $2.78
- 5-Yr Avg Growth
- -1.8%
- Ex-Dividend Date
- —
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- -45%
- 52-Week Range
- $15.47 – $20.50
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CEFD Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+12%
5 Years
-45%
52-Week Range
$15.47 – $20.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CEFD worth?
Undervaluedlow confidenceOur blended fair-value estimate for ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN is $44.64 per share, versus a market price of $18.12. That implies 146% of upside — a margin of safety of about 59%.
Fair Value
$44.64
Current Price
$18.12
Upside
+146%
Margin of Safety
59%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $2.78 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CEFD 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 |
|---|---|---|---|
| Sep 14, 2026 | — | $0.2080 | regular |
| Aug 12, 2026 | — | $0.2080 | regular |
| Jul 14, 2026 | — | $0.2690 | regular |
| Jun 12, 2026 | — | $0.2160 | regular |
| May 13, 2026 | — | $0.2160 | regular |
| Apr 13, 2026 | — | $0.2590 | regular |
| Mar 13, 2026 | — | $0.2220 | regular |
| Feb 12, 2026 | — | $0.2050 | regular |
| Jan 13, 2026 | — | $0.2800 | regular |
| Dec 12, 2025 | — | $0.2210 | regular |
| Nov 12, 2025 | — | $0.2070 | regular |
| Oct 10, 2025 | — | $0.2660 | regular |
| Sep 15, 2025 | — | $0.2240 | regular |
| Aug 12, 2025 | — | $0.2090 | regular |
Income Calculator
At $2.78 / yr per share
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