ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Declares Dividend Increase – $0.08 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Friday, January 1st. Investors of record on Wednesday, May 13th will be paid a dividend of 0.0774 per share on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Wednesday, May 13th. This is a 90.2% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.04.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

PFFL stock opened at $8.27 on Monday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.41 and a twelve month high of $9.22. The stock has a 50-day simple moving average of $8.06 and a two-hundred day simple moving average of $8.30.

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.