First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Increases Dividend to $0.24 Per Share

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.2445 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 109.3% increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.12.

First Trust Nasdaq Oil & Gas ETF Stock Performance

First Trust Nasdaq Oil & Gas ETF stock traded up $0.05 during midday trading on Thursday, reaching $39.08. 104,302 shares of the company’s stock were exchanged, compared to its average volume of 508,520. The stock’s 50-day simple moving average is $38.91 and its 200 day simple moving average is $37.06. The firm has a market cap of $158.28 million, a price-to-earnings ratio of 11.81 and a beta of 0.48. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $26.46 and a 52 week high of $41.96.

First Trust Nasdaq Oil & Gas ETF Company Profile

The First Trust Nasdaq Oil & Gas ETF (FTXN) is an exchange-traded fund that is based on the NASDAQ US Smart Oil & Gas index. The fund tracks an index composed of 50 US oil and gas companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXN was launched on Sep 20, 2016 and is managed by First Trust.