ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Raises Dividend to $0.09 Per Share

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.0948 per share on Friday, March 21st. The ex-dividend date 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 Price Performance

Shares of PFFL traded down $0.14 during mid-day trading on Monday, hitting $8.88. The company had a trading volume of 5,344 shares, compared to its average volume of 3,192. The business’s 50-day simple moving average is $9.21 and its 200-day simple moving average is $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.