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MORT - MORT: Attractive 7.3%-Yielding Dividend But Sustainability Is An Issue
VanEck Vectors Mortgage REIT Income
ETF Overview
The VanEck Vectors Mortgage REIT Income ETF (MORT) owns a portfolio of mortgage REITs in the U.S. The fund tracks the MVIS US Mortgage REITs Index. MORT’s portfolio of mREITs is generally sensitive to the difference between short-term and long-term interest rates. Although its dividend yield of 7.3% is attractive, the nature of mREIT’s high payout ratio makes MORT’s dividend vulnerable. Therefore, we expect dividend cuts when its net interest margin compresses or even turns negative. Since we are already in the latter stage of the current economic cycle, we think