First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) to Issue Monthly Dividend of $0.20

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Monday, April 22nd, NASDAQ reports. Shareholders of record on Wednesday, April 24th will be given a dividend of 0.204 per share on Tuesday, April 30th. This represents a $2.45 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date is Tuesday, April 23rd. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

First Trust NASDAQ BuyWrite Income ETF Stock Up 1.1 %

FTQI opened at $19.80 on Wednesday. The stock has a market cap of $273.24 million, a price-to-earnings ratio of 28.18 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $18.15 and a twelve month high of $20.85. The company’s 50-day moving average price is $20.35 and its two-hundred day moving average price is $19.86.

About First Trust NASDAQ BuyWrite Income ETF

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.