SmarterDividends
SMHB

ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) Dividend

ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN · monthly payer

$3.37

Undervalued · +187% Add to Portfolio

As of Nov 8, 2026, ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) pays a monthly dividend, or $0.74 a year, a 21.90% yield at its $3.37 share price. It pays every month. It has a dividend safety grade of C.

Forward Yield

21.90%

Annual Dividend

$0.74

Payout Ratio

—

5-Yr Growth

-6.9%

Ex-Date

—

Frequency

Monthly

Key facts about SMHB's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) has a forward dividend yield of 21.90%, based on an annual dividend of $0.74 per share and a share price of $3.37.
  • As of Nov 8, 2026, SMHB's dividend safety grade from SmarterDividends is C (55 out of 100), which rates the dividend as borderline.
  • SMHB last cut its regular dividend in 2025.
  • SMHB's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.0880 per share.
  • SMHB's dividend has shrunk at an average rate of 6.9% a year over the past five years.
  • As of Nov 8, 2026, SMHB's 21.90% yield is 26% above its five-year average yield of 17.32%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for SMHB is $9.64 per share, 187% above the $3.37 share price, so SMHB screens as undervalued.
  • ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "SMHB Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/SMHB

Is SMHB a good dividend stock?

Mixed

ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) pays a monthly dividend yielding 21.90% ($0.74/yr), with 0 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 2025
    • 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
    21.90%
    Payout Ratio
    —
    Annual Dividend
    $0.74
    5-Yr Avg Growth
    -6.9%
    Ex-Dividend Date
    —
    Years of Growth
    0
    Frequency
    monthly
    Beta
    —
    Market Cap
    —
    P/E Ratio
    —
    5-Yr Total Return
    -70%
    52-Week Range
    $3.01 – $4.47
    Dividend Safety
    C · 55/100
    Ever Cut?
    Yes (2025)

    SMHB dividend changes

    ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) pays a variable dividend: across the 95 payments on record since 2018, 35 were higher than the one before and 21 lower. The latest change was up 87.2% to $0.0880 per share, going ex-dividend on Oct 13, 2026.

    Ex-dateChangeOld → newMove
    Oct 13, 2026Higher$0.0470 → $0.0880+87.2%
    Sep 14, 2026Higher$0.0310 → $0.0470+51.6%
    Aug 12, 2026Lower$0.0720 → $0.0310−56.9%
    Apr 13, 2026Higher$0.0420 → $0.0720+71.4%
    Dec 12, 2025Higher$0.0340 → $0.0420+23.5%
    Nov 12, 2025Lower$0.0590 → $0.0340−42.4%
    Sep 15, 2025Higher$0.0310 → $0.0590+90.3%
    Aug 12, 2025Lower$0.120 → $0.0310−74.2%
    Jul 14, 2025Higher$0.0440 → $0.120+172.7%
    Jun 12, 2025Higher$0.0320 → $0.0440+37.5%
    May 13, 2025Lower$0.0950 → $0.0320−66.3%
    Feb 12, 2025Higher$0.0860 → $0.0950+10.5%
    Every SMHB payment →Download every raise and cut (CSV)
    SMHB ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →SMHB dividend historyEvery payment, totals by year, raises and cutsView →SMHB dividend calculator100 shares pay $73.70 a year, $6.14 each monthCalculate →SMHB total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is SMHB a good dividend stock?

    Mixed. ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) pays a monthly dividend yielding 21.90% ($0.74/yr), with 0 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.

    Is SMHB undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SMHB's fair value is about $9.64 versus a $3.37 share price — so it looks undervalued (+187% vs. fair value).

    Is SMHB's dividend safe?

    SMHB has a dividend-safety grade of C (55/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is SMHB's fair value?

    Our blended fair-value estimate for SMHB is about $9.64 per share, roughly 187% above the current $3.37 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is SMHB a buy, hold, or sell?

    We don't issue formal ratings, but on the data SMHB screens as "mixed" and undervalued. ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) pays a monthly dividend yielding 21.90% ($0.74/yr), with 0 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. This is research for your own analysis, not investment advice.

    Will SMHB cut its dividend?

    SMHB earns a dividend-safety grade of C (55/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does SMHB pay a dividend?

    Yes. ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN pays a monthly dividend of about $0.74 per share annually, a forward yield of roughly 21.90%.

    How much dividend does 100 shares of SMHB pay?

    At $0.74 per share a year, 100 shares of SMHB pay $73.70 a year in dividends before tax, about $6.14 each month. Buying them costs about $337 at the Nov 8, 2026 price.

    What is SMHB's dividend yield?

    As of Nov 8, 2026, SMHB's forward dividend yield is 21.90%, based on a $0.74 annual dividend and a $3.37 share price.

    What is SMHB's dividend per share?

    As of Nov 8, 2026, SMHB pays $0.74 per share per year, distributed on a monthly basis.

    How many years has SMHB grown its dividend?

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

    When is the next SMHB ex-dividend date?

    As of Nov 8, 2026, SMHB's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.0880 per share.

    Income Calculator

    At $0.74 / yr per share

    Per payment (monthly)$6.14
    Annual$73.70
    Monthly avg$6.14
    Full SMHB dividend calculator →

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