Income · Stocks to Consider and Updates

ETRACS Alerian Payout Announced

UBS Investment Bank announced a coupon payment for the ETRACS Alerian MLP Index ETN (NYSE: AMU – $16.99) of $0.3192 per note vs. the previous quarter’s payout of $0.2633. The annualized yield based on the current coupon payment is 7.55%. The payout will be effective for unit holders of record on May 29, 2018 for payment on June 6. The price of AMU has been moving up lately in concert with overall energy prices and, while below the entry price for the income portfolio, long-term commitments based on an above-average yield and the potential for further recovery can continue to be held for now.

 

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