NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Shareholders to Get $0.04 Quarterly Dividend

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) announced a quarterly dividend on Tuesday, September 29th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.0439 per share on Friday, October 2nd. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 3.7% decrease from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0456.

NYLIM U.S. Large Cap R&D Leaders ETF Price Performance

Shares of NASDAQ LRND traded down $0.04 during trading on Wednesday, reaching $47.64. 178 shares of the stock traded hands, compared to its average volume of 49,821. NYLIM U.S. Large Cap R&D Leaders ETF has a 52-week low of $35.87 and a 52-week high of $48.25. The company has a 50-day moving average of $46.28 and a 200-day moving average of $43.75. The stock has a market capitalization of $457.34 million, a P/E ratio of 23.74 and a beta of 1.10.

NYLIM U.S. Large Cap R&D Leaders ETF Company Profile

The IQ U.S. Large Cap R&D Leaders ETF (LRND) is an exchange-traded fund that is based on the IQ U.S. Large Cap R&D Leaders index. The fund tracks an index of 100 large-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending. LRND was launched on Feb 8, 2022 and is managed by IndexIQ.