ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN
MLPRStock · quarterly payer
Forward Yield
9.13%
Annual Dividend
$6.49
Payout Ratio
—
5-Yr Growth
27.5%
Ex-Date
—
Frequency
Quarterly
Summary
As of June 2026, ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) yields 9.13% ($6.49 per share annually), with a blended fair-value estimate of $104.24 — +47% upside, so it screens as undervalued. Dividend safety grade: A (80/100). 5 years of dividend growth.
Is MLPR a good dividend stock?
YesETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) pays a quarterly dividend yielding 9.13% ($6.49/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Strong 27.5% 5-yr dividend growth
- 94% total price return over 5 years
- Top-tier dividend safety score
Risks
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.13%
- Payout Ratio
- —
- Annual Dividend
- $6.49
- 5-Yr Avg Growth
- 27.5%
- Ex-Dividend Date
- —
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- 94%
- 52-Week Range
- $49.81 – $77.90
- Dividend Safety
- A · 80/100
- Ever Cut?
- No
Frequently Asked Questions
MLPR Price — Last 12 Months
Daily close
Price Return
1 Year
+17%
3 Years
+62%
5 Years
+94%
52-Week Range
$49.81 – $77.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MLPR worth?
Undervaluedlow confidenceOur blended fair-value estimate for ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN is $104.24 per share, versus a market price of $71.02. That implies 47% of upside — a margin of safety of about 32%.
Fair Value
$104.24
Current Price
$71.02
Upside
+47%
Margin of Safety
32%
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, $6.49 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MLPR Dividend Safety Score
Very Safe
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 |
|---|---|---|---|
| Apr 13, 2026 | — | $1.6650 | regular |
| Jan 13, 2026 | — | $1.6220 | regular |
| Oct 10, 2025 | — | $1.6190 | regular |
| Jul 14, 2025 | — | $1.5790 | regular |
| Apr 11, 2025 | — | $1.6360 | regular |
| Jan 13, 2025 | — | $1.4970 | regular |
| Oct 11, 2024 | — | $1.4860 | regular |
| Jul 15, 2024 | — | $1.5060 | regular |
| Apr 11, 2024 | — | $1.3560 | regular |
| Jan 12, 2024 | — | $1.3480 | regular |
| Oct 12, 2023 | — | $1.3220 | regular |
| Jul 13, 2023 | — | $1.2980 | regular |
| Apr 12, 2023 | — | $1.2710 | regular |
| Jan 12, 2023 | — | $1.1570 | regular |
Income Calculator
At $6.49 / yr per share
