ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) to Issue Dividend Increase – $0.14 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Friday, January 1st. Stockholders of record on Friday, December 12th will be given a dividend of 0.1368 per share on Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 19.8%. The ex-dividend date of this dividend is Friday, December 12th. This is a 39.9% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.10.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Trading Up 0.1%

Shares of ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock opened at $8.31 on Wednesday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 12-month low of $7.63 and a 12-month high of $9.96. The company has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $8.57.

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.