First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Plans Dividend Increase – $0.17 Per Share

by · The Markets Daily

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Free Report) declared a quarterly dividend on Thursday, December 11th. Investors of record on Friday, December 12th will be paid a dividend of 0.1692 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, December 12th. This is a 60.4% increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.11.

First Trust Nasdaq Transportation ETF Stock Up 0.8%

FTXR traded up $0.30 during midday trading on Friday, hitting $39.38. 2,248 shares of the company were exchanged, compared to its average volume of 6,542. The firm’s 50 day moving average price is $35.92 and its 200-day moving average price is $34.10. First Trust Nasdaq Transportation ETF has a 1-year low of $25.47 and a 1-year high of $39.27. The firm has a market capitalization of $39.38 million, a P/E ratio of 11.80 and a beta of 1.31.

About First Trust Nasdaq Transportation ETF

(Get Free Report)

The First Trust Nasdaq Transportation ETF (FTXR) is an exchange-traded fund that is based on the Nasdaq US Smart Transportation index. The fund tracks an index composed of 30 US transportation companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXR was launched on Sep 20, 2016 and is managed by First Trust.

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