ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Increases Dividend to $0.11 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Friday, January 1st. Investors 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 yield of 16.7%. The ex-dividend date 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 Trading Down 0.5%

Shares of ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock opened at $7.77 on Wednesday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 52 week low of $7.41 and a 52 week high of $9.22. The firm’s 50 day moving average is $7.99 and its two-hundred day moving average is $8.20.

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.