ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) to Issue Dividend Increase – $0.10 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a dividend on Tuesday, September 10th, NASDAQ reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.0957 per share on Monday, September 23rd. The ex-dividend date is Friday, September 13th. This is a boost from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous dividend of $0.05.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

Shares of PFFL stock traded down $0.01 on Wednesday, reaching $10.37. 402 shares of the stock were exchanged, compared to its average volume of 4,472. The business’s 50 day moving average price is $9.82 and its 200 day moving average price is $9.84. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.86 and a twelve month high of $10.59.

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.