ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) to Issue Dividend Increase – $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 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 Trading Down 1.6 %

PFFL opened at $8.88 on Tuesday. The stock has a fifty day simple moving average of $9.21 and a two-hundred day simple moving average of $9.84. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 12-month low of $8.59 and a 12-month 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.