ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Declares $0.06 Monthly Dividend

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a monthly dividend on Friday, January 1st. Stockholders of record on Tuesday, January 13th will be paid a dividend of 0.0571 per share on Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, January 13th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

NYSEARCA:PFFL opened at $8.45 on Friday. The stock has a 50 day simple moving average of $8.34 and a 200 day simple moving average of $8.59. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1-year low of $7.63 and a 1-year high of $9.86.

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.