About UBS ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN (SMHD) — Dividend Analysis 2026
The investment seeks to provides a monthly compounded two times leveraged long exposure to the performance of the index, reduced by the accrued fees. The fund is a series of Monthly Pay 2xLeveraged Exchange Traded Access Securities (ETRACS) linked to the performance of the price return version of the Solactive US Small Cap High Dividend Index. The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent Securities selected from a universe of qualifying U.S. listed stocks.
Is SMHD a good dividend investment in 2026?
SMHD offers a 84.39% forward yield with a 50% payout ratio. Strand Safety Score: N/A. The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
SMHD DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your SMHD portfolio grows to $4.54M vs $94.4K without reinvestment. This is the compound interest effect in action.
SMHD dividend growth history & forecast
SMHD has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 84.39%.
ETFs do not file income statements or cash flow statements. Their dividend safety depends on the underlying index quality, fund methodology, and holdings composition. Use the Holdings page to analyze individual stocks in this fund.
🌍 SMHD Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold SMHD.
Gross yield
84.39%
Tax rate
15.00%
After-tax yield
71.73%
Real yield (−CPI)
68.93%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
84.39%
81.59%
$8,439 / yr
🇺🇸 US Taxable (15%) ✓
15%
71.73%
68.93%
$7,173 / yr
🇺🇸 US Taxable (20%)
20%
67.51%
64.71%
$6,751 / yr
🇬🇧 UK ISA
0%
84.39%
81.59%
$8,439 / yr
🇬🇧 UK Taxable
8.75%
77.01%
74.21%
$7,701 / yr
🇨🇦 TFSA
0%
84.39%
81.59%
$8,439 / yr
🇨🇦 CA Taxable
25%
63.29%
60.49%
$6,329 / yr
🇦🇺 Super (pension)
15%
71.73%
68.93%
$7,173 / yr
🇦🇺 AU Taxable
30%
59.07%
56.27%
$5,907 / yr
🇩🇪 DE Taxable
26.375%
62.13%
59.33%
$6,213 / yr
🇫🇷 FR Taxable
30%
59.07%
56.27%
$5,907 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 SMHD Income Goal & Break-Even
Dividend Break-Even
2yr
Years for dividends to fully repay your SMHD investment of $2.37/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$2.22M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$2.22M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in SMHD for:
Shares needed
14,118
Capital required
$33,460
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 SMHD Dividend Payment Schedule
SMHD pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 SMHD vs Financial Services Benchmarks
How SMHD compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+81.49% vs sectorBetter
SMHD
84.39%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
SMHD
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
SMHD
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for SMHD sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ SMHD Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the SMHD dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →