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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.2445 per share on Wednesday, September 30th. This represents a c) annualized dividend 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 Trading Up 0.6%

First Trust Nasdaq Oil & Gas ETF stock traded up $0.23 during trading hours on Thursday, reaching $39.26. 115,922 shares of the stock were exchanged, compared to its average volume of 509,090. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $26.46 and a twelve month high of $41.96. The company has a market cap of $159.00 million, a P/E ratio of 11.81 and a beta of 0.48. The stock has a 50 day moving average of $38.91 and a two-hundred day moving average of $37.06.

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.