ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) To Go Ex-Dividend on June 12th

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a monthly dividend on Friday, January 1st. Investors of record on Friday, June 12th will be paid a dividend of 0.1081 per share on Tuesday, June 23rd. This represents a c) dividend on an annualized basis 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 Down 0.5%

Shares of NYSEARCA:PFFL opened at $7.77 on Wednesday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 12 month low of $7.41 and a 12 month high of $9.22. The company has a 50-day moving average price of $7.99 and a 200 day moving average price of $8.20.

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.