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

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a monthly dividend on Friday, January 1st. Stockholders of record on Wednesday, November 12th will be paid a dividend of 0.0978 per share on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a 132.9% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.04.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

Shares of NYSEARCA PFFL opened at $8.52 on Monday. The firm’s 50-day simple moving average is $8.82 and its 200 day simple moving average is $8.56. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a fifty-two week low of $7.63 and a fifty-two week high of $10.53.

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.