First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Plans Dividend Increase – $0.04 Per Share

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.0356 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 171.8% increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01.

First Trust Nasdaq Semiconductor ETF Stock Up 4.1%

Shares of NASDAQ FTXL traded up $11.17 during midday trading on Thursday, reaching $282.70. 330,594 shares of the company were exchanged, compared to its average volume of 217,975. The stock’s 50-day moving average price is $240.32 and its 200-day moving average price is $180.24. The stock has a market cap of $2.91 billion, a P/E ratio of 28.27 and a beta of 1.73. First Trust Nasdaq Semiconductor ETF has a one year low of $93.61 and a one year high of $297.36.

About First Trust Nasdaq Semiconductor ETF

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that is based on the Nasdaq US Smart Semiconductor index. The fund tracks an index of the most liquid US semiconductor companies, weighted according to factors related to value, volatility and growth. FTXL was launched on Sep 20, 2016 and is managed by First Trust.