ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Declares Monthly Dividend of $0.11

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Friday, January 1st. Stockholders of record on Friday, June 12th will be given a dividend of 0.1081 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 16.7%. The ex-dividend date of this dividend is Friday, June 12th. This is a 39.7% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.08.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock opened at $7.77 on Wednesday. The stock’s 50 day moving average price is $7.99 and its 200 day moving average price is $8.20. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1-year low of $7.41 and a 1-year high of $9.22.

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.