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

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced 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) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, January 13th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Up 0.6%

PFFL opened at $8.45 on Friday. The firm’s 50-day simple moving average is $8.34 and its 200-day simple moving average is $8.59. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.63 and a twelve month 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.