First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Plans Dividend Increase – $0.24 Per Share

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of 0.2445 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date 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 0.1%

NASDAQ FTXN traded up $0.05 on Thursday, hitting $39.08. 104,302 shares of the company were exchanged, compared to its average volume of 508,520. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $26.46 and a 12 month high of $41.96. The company has a market cap of $158.28 million, a PE ratio of 11.81 and a beta of 0.48. The stock has a fifty day moving average of $38.91 and a 200-day moving average of $37.06.

About First Trust Nasdaq Oil & Gas ETF

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.