ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) to Issue Dividend Increase – $0.25 Per Share

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Investors of record on Wednesday, April 1st will be paid a dividend of 0.2519 per share on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 23.9% increase from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.20.

ProShares Nasdaq-100 High Income ETF Stock Up 0.5%

NASDAQ IQQQ traded up $0.20 on Wednesday, reaching $41.89. The company had a trading volume of 87,608 shares, compared to its average volume of 70,890. ProShares Nasdaq-100 High Income ETF has a 52 week low of $33.00 and a 52 week high of $46.72. The stock’s 50 day moving average is $43.78 and its 200-day moving average is $44.32. The stock has a market cap of $333.86 million, a price-to-earnings ratio of 34.31 and a beta of 1.09.

ProShares Nasdaq-100 High Income ETF Company Profile

The ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that is based on the Nasdaq-100 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on Nasdaq-100 stocks. The fund seeks to generate a high level of income combined with the performance returns of the Nasdaq-100 Index over the long term.