ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Declares Dividend of $0.09

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.0948 per share on Friday, March 21st. The ex-dividend date of this dividend is Thursday, March 13th. This is a 106.5% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous dividend of $0.05.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Down 1.6 %

Shares of NYSEARCA PFFL traded down $0.14 during mid-day trading on Monday, reaching $8.88. 5,344 shares of the company’s stock traded hands, compared to its average volume of 3,192. The business has a 50-day simple moving average of $9.21 and a 200 day simple moving average of $9.84. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1-year low of $8.59 and a 1-year high of $11.65.

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.