ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Plans Dividend Increase – $0.10 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a dividend on Wednesday, October 9th, NASDAQ reports. Stockholders of record on Friday, October 11th will be given a dividend of 0.0978 per share on Monday, October 21st. The ex-dividend date is Friday, October 11th. This is a positive change from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous dividend of $0.10.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Trading Down 0.1 %

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock traded down $0.01 during midday trading on Wednesday, reaching $10.57. The company’s stock had a trading volume of 5,401 shares, compared to its average volume of 4,379. The stock’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $9.88. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 52-week low of $7.86 and a 52-week high of $11.65.

About ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN

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.