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Market Vectors Mortgage REIT Income ETF Message Board

  • cptave cptave Dec 7, 2012 8:35 PM Flag

    MORL dividend announced ! seems light !

    MORL announced their first monthly coupon of only .1043 for only a 5.02 % yield ! what gives ?

    Sentiment: Buy

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    • 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

      • 2 Replies to lenyw
      • 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.

      • February should be really good as most of my mREITS pay in January !

        Sentiment: Strong Buy

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