ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Increases Dividend to $0.08 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared 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 dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend 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

NYSEARCA PFFL opened at $6.50 on Tuesday. The business has a fifty day moving average price of $6.75 and a 200 day moving average price of $7.63. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a one year low of $6.25 and a one year high of $9.00.

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.