Recent

% | $
Quotes you view appear here for quick access.

CC MEDIA HLDG CLA Message Board

lottopol.geo 5 posts  |  Last Activity: Apr 25, 2015 3:45 PM Member since: Jun 10, 2000
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    MORL April 2015 Dividend Guess? (Just For Fun)

    by microjax Mar 18, 2015 9:01 PM
    lottopol.geo lottopol.geo Apr 1, 2015 11:44 AM Flag

    As of March 20, 2015, 21 of the 24 mREITs that comprise the UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN (NYSEARCA:MORL) and the Market Vectors Mortgage REIT Income ETF (NYSEARCA:MORT) have declared dividends with ex-dividend dates in March 2015. PennyMac Mortgage Investment Trust (NYSE:PMT) has not yet declared a dividend for the current quarter. I am assuming it will declare the same $0.61 dividend it has paid in the previous two quarters and have an ex-date in March 2015, as its last quarterly dividend had an ex-date of December 26, 2014. I have used this data to project that the MORL April 2015 dividend will be $0.9665.
    seekingalpha /article/3021466-morl-april-dividend-brings-yield-to-23_2-percent

  • "..Only 2 of the 24 mREITs that comprise the ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN (NYSEARCA:MORL) and the Market Vectors Mortgage REIT Income ETF (NYSEARCA:MORT) have declared dividends with ex-dividend dates in February 2015. I have used those to project that the MORL March 2015 dividend will be $0.0604. ..."
    seekingalpha /article/2942256

  • lottopol.geo by lottopol.geo Apr 1, 2015 8:36 PM Flag

    The UBS ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) underwent a rebalancing at the end of 2014. The third monthly dividend, based on the new composition of the index upon .which CEFL is based, will be paid in April 2015. The dividend will be computed from those components that had ex-dividend dates in March 2015.

    Of the 30 index components, 29 now pay monthly. Only the Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) now pays quarterly dividends in January, April, October, and July. Thus, it will be included in the April 2015 CEFL monthly dividend calculation

    Since we will have three months of dividends after the rebalancing, we can annualize the three trailing months of dividends to calculate an annualized yield. This procedure is based on the fact that over a three-month period all of the components would have paid their dividends.

    My calculation using all the 30 components which are expected to have ex-dividend dates in March 2015 projects a March 2015 dividend of $0.3007....."
    seekingalpha article/3031316-cefl-still-attractive-with-17_6-percent-yield

  • As of April 23, 2015, all of the 24 mREITs that comprise the UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN (NYSEARCA:MORL) and the Market Vectors Mortgage REIT Income ETF (NYSEARCA:MORT) have indicated whether or not their dividends will have ex-dividend dates in April 2015. Five of the components have declared dividends with ex-dates in April 2015, and thus, will be included in the calculation of the May 2015 MORL dividend....."

    seekingalpha /article/3101776

    Sentiment: Strong Buy

  • Reply to

    Projected March 2015 dividend

    by fredkane3947 Feb 26, 2015 6:32 PM
    lottopol.geo lottopol.geo Feb 27, 2015 12:16 AM Flag

    •CEFL continues to generate high yields for those willing to accept the risk that leverage entails.
    •A new UBS leveraged ETN, SMHD, which just started trading, may be a good diversifier for CEFL.
    •There are some concerns with SMHD, but the 17.7% yield makes it worth looking at further.

    The UBS ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) underwent a rebalancing at the end of 2014. The second monthly dividend, based on the new composition of the index upon which CEFL is based, will be paid in March 2015. The dividend will be computed from those components that had ex-dividend dates in February 2015.

    Of the 30 index components, 29 now pay monthly. Only the Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) now pays quarterly dividends in January, April, October, and July. Thus, it will not be included in the March 2015 CEFL monthly dividend calculation. The usual method of estimating an annualized yield for an ETN that has some components that pay monthly and others that pay quarterly is not appropriate for CEFL at this point.

    Normally, one would annualize the three trailing months of dividends from such an ETN to calculate an annualized yield. This procedure is based on the fact that over a three-month period all of the components would have paid their dividends. However, the December 2014 CEFL dividend is based on an index that is significantly different in terms of the closed-end funds which comprise the index, as compared to those of the closed-end funds which comprise the index upon which the February and March 2015 dividends are based.

    My calculation using the 29 components expected to have ex-dividend dates in February 2015 projects a March 2015 dividend of $0.3214. None of the closed-end funds in the index changed their dividends from prior levels. The increase in the March CEFL monthly dividend as compared to the February dividend is due to a number of factors.

CCMO
8.250.00(0.00%)Sep 16 3:58 PMEDT