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) declared a monthly dividend on Friday, July 31st. Shareholders of record on Wednesday, August 12th will be paid a dividend of 0.0779 per share on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a 125.1% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.03.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

NYSEARCA:PFFL opened at $7.45 on Monday. The business’s 50-day moving average price is $7.62 and its two-hundred day moving average price is $7.98. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.25 and a twelve month high of $9.22.

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.