ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN
HDLBStock · monthly payer
Forward Yield
11.21%
Annual Dividend
$1.88
Payout Ratio
—
5-Yr Growth
5.1%
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN (HDLB) yields 11.21% ($1.88 per share annually), with a blended fair-value estimate of $37.46 — +114% upside, so it screens as undervalued. Dividend safety grade: C (58/100). 1 years of dividend growth.
Is HDLB a good dividend stock?
Yes, with caveatsETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN (HDLB) pays a monthly dividend yielding 11.21% ($1.88/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 5.1% 5-yr dividend growth
Risks
- Cut its dividend in 2024
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 11.21%
- Payout Ratio
- —
- Annual Dividend
- $1.88
- 5-Yr Avg Growth
- 5.1%
- Ex-Dividend Date
- —
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- 20%
- 52-Week Range
- $14.49 – $19.44
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
HDLB Price — Last 12 Months
Daily close
Price Return
1 Year
+5%
3 Years
+76%
5 Years
+20%
52-Week Range
$14.49 – $19.44
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HDLB worth?
Undervaluedlow confidenceOur blended fair-value estimate for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN is $37.46 per share, versus a market price of $17.54. That implies 114% of upside — a margin of safety of about 53%.
Fair Value
$37.46
Current Price
$17.54
Upside
+114%
Margin of Safety
53%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 9.2% stage-1 growth, 2.5% terminal growth, $1.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HDLB 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 |
|---|---|---|---|
| Aug 12, 2026 | — | $0.2080 | regular |
| Jul 14, 2026 | — | $0.2040 | regular |
| Jun 12, 2026 | — | $0.0760 | regular |
| May 13, 2026 | — | $0.2140 | regular |
| Apr 13, 2026 | — | $0.1740 | regular |
| Mar 13, 2026 | — | $0.0830 | regular |
| Feb 12, 2026 | — | $0.1820 | regular |
| Jan 13, 2026 | — | $0.1180 | regular |
| Dec 12, 2025 | — | $0.1750 | regular |
| Nov 12, 2025 | — | $0.1220 | regular |
| Oct 10, 2025 | — | $0.1880 | regular |
| Sep 15, 2025 | — | $0.1330 | regular |
| Aug 12, 2025 | — | $0.1330 | regular |
| Jul 14, 2025 | — | $0.2170 | regular |
Income Calculator
At $1.88 / yr per share
