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) declared 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 of this dividend is Friday, October 11th. This is a boost from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous dividend of $0.10.

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

NYSEARCA:PFFL traded down $0.01 during trading hours on Wednesday, hitting $10.57. 5,401 shares of the company’s stock traded hands, compared to its average volume of 4,379. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.86 and a twelve month high of $11.65. The stock’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $9.88.

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.