ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) to Issue Monthly Dividend of $0.05 on February 23rd

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a monthly dividend on Friday, January 1st. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.0461 per share on Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, February 12th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Down 0.9%

Shares of PFFL traded down $0.07 during mid-day trading on Tuesday, hitting $8.50. 100 shares of the stock were exchanged, compared to its average volume of 3,133. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 52-week low of $7.63 and a 52-week high of $9.43. The firm has a 50-day moving average of $8.39 and a two-hundred day moving average of $8.59.

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.