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

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL – Get Free Report) announced a monthly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be given 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

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

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ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Company Profile

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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.

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