SCDL - ETRACS 2x Leveraged US Dividend Factor TR ETN Stock Price & Dividend Safety Sector: Financial Services | Exchange: New York Stock Exchange Arca Current Price & Safety Score Price: 61.65 USD StockBonds Safety Grade: Altman Z-Score (Bankruptcy Risk): 0.00 StockBond Score: 0.00 Company Description SCDL provides 2x leveraged exposure to the Dow Jones US Dividend 100 Index This marketcapitalizationweighted benchmark systematically excludes Real Estate Investment Trusts and screens for companies with a consistent dividend payment history of at least ten years The portfolios selection is guided by several key fundamental metrics including cashflow to debt ratio return on equity ROE dividend yield and dividend growth rates This investment methodology often leads to a slight largecap bias and distinct sector allocations favoring industrial and consumeroriented firms while having reduced exposure to financials A key differentiator for SCDL compared to other ETNs is that it does not pay any coupon and resets its leverage quarterly rather than daily Furthermore akin to all ETNs SCDLs value is dependent on the credit risk of its issuing bank UBS and is not directly backed by underlying stocks The index it tracks is reviewed annually and rebalanced every quarter