ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Raises Dividend to $0.08 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Friday, July 31st. Stockholders of record on Wednesday, August 12th will be given a dividend of 0.0779 per share on Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Wednesday, August 12th. This is a 125.1% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.03.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

Shares of NYSEARCA:PFFL opened at $7.45 on Monday. The firm has a 50 day simple moving average of $7.62 and a 200 day simple moving average of $7.98. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 52 week low of $7.25 and a 52 week high of $9.22.

About ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN

The ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) is an exchange-traded fund that is based on the Solactive Preferred Stock ETF index. The fund tracks twice the monthly returns of a market-value-selected and -weighted index of preferred securities from various issuers. PFFL was launched on Sep 25, 2018 and is issued by ETRACS.