ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN, trading under the ticker symbol PFFL, has declared a monthly dividend of $0.0571 per share. This announcement was made on January 1, 2025, with the ex-dividend date set for January 13, 2025. Investors who are on record by this date will receive their dividend payments on January 22, 2025, representing an annualized yield of 8.1%.
The announcement has had a positive impact on the stock’s performance. On the day of the announcement, PFFL opened at $8.45, reflecting a modest increase of 0.6%. The stock has shown some volatility over the past year, hitting a low of $7.63 and a high of $9.86.
Stock Performance and Moving Averages
As of now, ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s 50-day simple moving average stands at $8.34, while the 200-day simple moving average is at $8.59. These averages indicate some stability in the stock’s performance, although fluctuations are common in the current market environment.
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This robust dividend yield may attract investors seeking regular income from their portfolios. With the upcoming ex-dividend date looming, many investors will be closely monitoring PFFL as they make their financial decisions for the new year.
