Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Increases Dividend to $0.15 Per Share

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.151 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 3,675.0% increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.004.

Wahed Dow Jones Islamic World ETF Trading Down 1.2%

UMMA stock traded down $0.46 during midday trading on Thursday, hitting $36.66. The stock had a trading volume of 9,784 shares, compared to its average volume of 49,347. Wahed Dow Jones Islamic World ETF has a 52 week low of $26.98 and a 52 week high of $41.53. The stock has a 50-day simple moving average of $36.86 and a 200 day simple moving average of $35.82. The firm has a market capitalization of $293.27 million, a price-to-earnings ratio of 23.30 and a beta of 1.04.

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.