ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) To Go Ex-Dividend on June 12th

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Friday, January 1st. Shareholders of record on Friday, June 12th will be given a dividend of 0.1081 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 16.7%. The ex-dividend date of this dividend is Friday, June 12th. This is a 39.7% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.08.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

NYSEARCA PFFL opened at $7.77 on Wednesday. The stock’s 50-day moving average price is $7.99 and its two-hundred day moving average price is $8.20. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1 year low of $7.41 and a 1 year high of $9.22.

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.