ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Declares Monthly Dividend of $0.08

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.0753 per share on Wednesday, October 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a 0.8% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.0747.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

NYSEARCA:PFFL opened at $6.68 on Friday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $6.63 and a twelve month high of $9.00. The company has a 50-day moving average of $7.17 and a 200-day moving average of $7.59.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Company Profile

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.