First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Declares Quarterly Dividend of $0.34

by · The Cerbat Gem

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Friday, December 12th will be given a dividend of 0.338 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 12th. This is a 43.4% increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Performance

Shares of NASDAQ:GRID traded down $1.41 on Friday, hitting $154.18. 29,641 shares of the company were exchanged, compared to its average volume of 218,612. The company’s 50 day moving average price is $153.46 and its two-hundred day moving average price is $145.38. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a one year low of $99.78 and a one year high of $159.97. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 23.47 and a beta of 1.25.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (the Fund) seeks investment results, which correspond to the price and yield (before the Fund’s fees and expenses) of an equity index called the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (the Index). The Fund focuses to invest at least 90% of its net assets in common stocks, which comprises the Index or in depositary receipts, which may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively Depositary Receipts) representing securities in the Index.

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