ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MVRLStock · monthly payer
Forward Yield
20.47%
Annual Dividend
$2.71
Payout Ratio
—
5-Yr Growth
-6.2%
Ex-Date
—
Frequency
Monthly
Summary
As of July 2026, ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) yields 20.47% ($2.71 per share annually), with a blended fair-value estimate of $43.48 — +220% upside, so it screens as undervalued. Dividend safety grade: C (53/100). 1 years of dividend growth.
Is MVRL a good dividend stock?
MixedETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) pays a monthly dividend yielding 20.47% ($2.71/yr), with 1 year 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 2024
- 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
- 20.47%
- Payout Ratio
- —
- Annual Dividend
- $2.71
- 5-Yr Avg Growth
- -6.2%
- Ex-Dividend Date
- —
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- -71%
- 52-Week Range
- $12.67 – $17.00
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
MVRL Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
-32%
5 Years
-71%
52-Week Range
$12.67 – $17.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MVRL worth?
Undervaluedlow confidenceOur blended fair-value estimate for ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN is $43.48 per share, versus a market price of $13.60. That implies 220% of upside — a margin of safety of about 69%.
Fair Value
$43.48
Current Price
$13.60
Upside
+220%
Margin of Safety
69%
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, $2.71 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MVRL 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 | — | $0.3880 | regular |
| Jun 12, 2026 | — | $0.1040 | regular |
| May 13, 2026 | — | $0.5090 | regular |
| Apr 13, 2026 | — | $0.0960 | regular |
| Mar 13, 2026 | — | $0.0880 | regular |
| Feb 12, 2026 | — | $0.5010 | regular |
| Jan 13, 2026 | — | $0.0760 | regular |
| Dec 12, 2025 | — | $0.1670 | regular |
| Nov 12, 2025 | — | $0.1140 | regular |
| Oct 10, 2025 | — | $0.4180 | regular |
| Sep 15, 2025 | — | $0.1660 | regular |
| Aug 12, 2025 | — | $0.0780 | regular |
| Jul 14, 2025 | — | $0.4530 | regular |
| Jun 12, 2025 | — | $0.0980 | regular |
Income Calculator
At $2.71 / yr per share
