ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MVRLStock · monthly payer
Forward Yield
21.31%
Annual Dividend
$2.75
Payout Ratio
—
5-Yr Growth
-6.2%
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) yields 21.31% ($2.75 per share annually), with a blended fair-value estimate of $44.12 — +240% upside, so it screens as undervalued. Dividend safety grade: C (52/100). 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 21.31% ($2.75/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
- 21.31%
- Payout Ratio
- —
- Annual Dividend
- $2.75
- 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
- -72%
- 52-Week Range
- $12.55 – $17.00
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
MVRL Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
-30%
5 Years
-72%
52-Week Range
$12.55 – $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 $44.12 per share, versus a market price of $12.96. That implies 240% of upside — a margin of safety of about 71%.
Fair Value
$44.12
Current Price
$12.96
Upside
+240%
Margin of Safety
71%
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, $2.75 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 |
|---|---|---|---|
| Aug 12, 2026 | — | $0.1180 | regular |
| 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 |
Income Calculator
At $2.75 / yr per share
