ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL – Get Free Report) announced a monthly dividend on Saturday, October 31st. Investors of record on Thursday, November 12th will be paid a dividend of $0.0759 per share on Friday, November 20th. This represents a $0.91 annualized dividend and a yield of 14.0%. The ex-dividend date is Thursday, November 12th. This is a 0.8% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.0753.
ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance
Shares of PFFL opened at $6.50 on Tuesday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1-year low of $6.25 and a 1-year high of $9.00. The firm has a fifty day moving average price of $6.75 and a 200 day moving average price of $7.63.
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.
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