First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Plans $0.31 Quarterly Dividend

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.3053 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 2.8%

Shares of NFTY traded down $1.46 during midday trading on Thursday, hitting $51.05. 40,413 shares of the company’s stock traded hands, compared to its average volume of 30,947. The stock has a market capitalization of $145.49 million, a price-to-earnings ratio of 24.33 and a beta of 0.45. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $51.00 and a 1 year high of $60.70. The firm’s fifty day moving average is $56.06 and its 200-day moving average is $57.58.

First Trust India NIFTY 50 Equal Weight ETF Company Profile

The First Trust India NIFTY 50 Equal Weight ETF (NFTY) is an exchange-traded fund that is based on the NIFTY 50 Equal Weight index. The fund tracks an equally weighted index of the 50 largest and most liquid Indian equity securities. NFTY was launched on Feb 14, 2012 and is managed by First Trust.