ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Declares Monthly Dividend of $0.07 (NYSEARCA:PFFL)

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be paid a dividend of 0.0747 per share on Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Monday, September 14th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

PFFL stock opened at $7.28 on Friday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a one year low of $7.21 and a one year high of $9.22. The firm has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $7.83.

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.