You need to look at MORL quarterly. Look at Dec, Jan, Fed. Yes, it will be the February payment that matters, for the ex and pay dates for Jan are before when most of the amreits pay. Of issue, mainly will be how much, if any, NLY lowers their dividend as they are a great part of the index. Look at the Van Eck website (MORT) to get a full look at all the components. Yet, it still should be good. Notice, that MORL has a number of commercial mortgage reits, as opposed to the amreits. Yet, they are a lesser percentage. But, the dynamic for their dividend is more stable. Like RSO and NRF. Small percentages, but NRF's dividend is increasing. Really, as to the stability of the dividend, it's about NLY and AGNC. The two make up around one third of the index. AGNC has announced and maintained their dividend. NLY hasn't announced. HTS announced and lowered, a bit. IVR maintained. So, some down, some maintain, a few commercial mortgage reits actually increase and will over the years.
Being new, people don't like to risk a new thing, but still, 2X the amreits yield is quite amazing even factoring in reductions.
MORL pays dividends on a monthly basis. Most REITS pay quarterly. Per UBS, some monthly payouts will be substantially higher due to the REIT's payout schedules. I'm told January's payout will be substantially higher
Looks like a correction to me. KBWD, REM are down too. Probably has something to do with current and anticipated reduction in spreads between short & long term interest rates (and therefore less profit for the REIT companies). The QE Infinity mortgage buying kicked off today -- maybe it's tomorrow, not sure -- sometime soon anyway, if not already.
No coupon payment yet because there are no funds yet to distribute. Page S-32 of the prospectus explains the Reference Distribution Amount.
I have a fairly large position in AGNC and am looking at establishing a position in MORL. I'm a bit puzzled by today's announcement by UBS for MORL stating a $0.00 coupon amount. ( http://finance.yahoo.com/news/ubs-declares-coupon-payments-four-155700860.html ). Is the payout zero because MORL has not been in existence for a full month, or are the data incorrect and there will be a payout?
I'm with you jrad52, I too have been buying into MORL. MORL won't track exactly because of supply and demand of number of shares people are trading. In six months MORL will be much higher imo, because it will be paying a large monthly dividend with slightly less risk because it's a little diversified. Then it will attract attention, but holders won't want to give up their valueable shares. Also, MORL and MORT are managed by a respected major (UBS). Hold and buy more!
Sentiment: Strong Buy
I own a little MORL, not MORT, but they both track the same index - MarketVectors Global mREITs. MORT should track this index 1 for 1, while MORL aims for 2 for 1. Neither MORT (which is an ETF) nor MORL (which is an ETN) seems to track the index particularly well.
Today, for example, the index was up 0.16%. MORT was up 0.34%, and MORL was down 1.15%.
I've only owned MORL a short time, and I can't find historical data on the index - I can only check it each day.
So my question - has anyone actually followed MORT to see how closely it tracks the index? Thanks.
roughly around the first of the month.
market makers been raiding stops hard the last few days, accumulating
for the divvy run-up. That should start momentarily.