Income · Stocks to Consider and Updates

UBS Declares Quarterly Coupon Payment for ETN

ETRACS Alerian  UBS Investment Bank announced a quarterly coupon payment for its ETRACS Exchange Traded Note (NYSE: AMU – $16.05). The new payout will be $0.3395 per quarter, down slightly from last quarter’s $0.3638 per note. The Alerian MLP Index of fifty master limited partnerships with which the ETN tracks, are engaged in transporting, processing and storing energy-related commodities and have been hit hard by the glut of crude oil and low natural gas prices. The new quarterly dividend will be paid to shareholders of record as of February 25 and paid on March 8, 2016.  At current depressed levels, AMU yields 9.0% and can be held for recovery.


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