ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Declares $0.05 Monthly Dividend

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a monthly dividend on Friday, January 1st. Shareholders of record on Thursday, February 12th will be paid a dividend of 0.0461 per share on Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, February 12th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

Shares of ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock opened at $8.57 on Tuesday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1-year low of $7.63 and a 1-year high of $9.43. The business has a 50-day moving average of $8.39 and a 200-day moving average of $8.59.

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.