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

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a dividend on Tuesday, September 10th, NASDAQ reports. Shareholders of record on Friday, September 13th will be given 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 Down 0.3 %

Shares of PFFL traded down $0.03 during mid-day trading on Tuesday, hitting $10.34. 5,027 shares of the company traded hands, compared to its average volume of 4,496. The stock has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $9.84. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1 year low of $7.86 and a 1 year 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.