Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Declares Dividend Increase – $0.12 Per Share

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Investors of record on Thursday, March 26th will be given a dividend of 0.12 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, March 26th. This is a 2,621.1% increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.00441.

Wahed Dow Jones Islamic World ETF Price Performance

NASDAQ:UMMA traded down $1.12 during mid-day trading on Thursday, reaching $29.98. The stock had a trading volume of 44,924 shares, compared to its average volume of 52,938. The company has a market capitalization of $190.37 million, a price-to-earnings ratio of 23.30 and a beta of 0.98. Wahed Dow Jones Islamic World ETF has a 1-year low of $20.85 and a 1-year high of $34.98. The stock’s 50 day simple moving average is $32.41 and its two-hundred day simple moving average is $29.95.

About Wahed Dow Jones Islamic World ETF

The Wahed Dow Jones Islamic World ETF (UMMA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of global ex-US securities that are determined to be Shariah-compliant based on business activities and accounting criteria. Holdings are also screened to assess ESG risks. UMMA was launched on Jan 7, 2022 and is managed by Wahed.