ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN
PFFLStock · monthly payer
Forward Yield
12.86%
Annual Dividend
$0.89
Payout Ratio
—
5-Yr Growth
-9.6%
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) yields 12.86% ($0.89 per share annually), with a blended fair-value estimate of $11.02 — +55% upside, so it screens as undervalued. Dividend safety grade: C (60/100).
Is PFFL a good dividend stock?
Yes, with caveatsETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) pays a monthly dividend yielding 12.86% ($0.89/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 12.86%
- Payout Ratio
- —
- Annual Dividend
- $0.89
- 5-Yr Avg Growth
- -9.6%
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- -63%
- 52-Week Range
- $6.97 – $9.08
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
PFFL Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
-13%
5 Years
-63%
52-Week Range
$6.97 – $9.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFFL worth?
Undervaluedlow confidenceOur blended fair-value estimate for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN is $11.02 per share, versus a market price of $7.09. That implies 55% of upside — a margin of safety of about 36%.
Fair Value
$11.02
Current Price
$7.09
Upside
+55%
Margin of Safety
36%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.89 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFFL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PFFL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 14, 2026 | — | $0.0750 | regular |
| Aug 12, 2026 | — | $0.0780 | regular |
| Jul 14, 2026 | — | $0.0350 | regular |
| Jun 12, 2026 | — | $0.1080 | regular |
| May 13, 2026 | — | $0.0770 | regular |
| Apr 13, 2026 | — | $0.0410 | regular |
| Mar 13, 2026 | — | $0.0960 | regular |
| Feb 12, 2026 | — | $0.0460 | regular |
| Jan 13, 2026 | — | $0.0570 | regular |
| Dec 12, 2025 | — | $0.1370 | regular |
| Nov 12, 2025 | — | $0.0980 | regular |
| Oct 10, 2025 | — | $0.0420 | regular |
| Sep 15, 2025 | — | $0.1310 | regular |
| Aug 12, 2025 | — | $0.0880 | regular |
Income Calculator
At $0.89 / yr per share
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