First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Announces Dividend Increase – $0.21 Per Share

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Thursday, February 20th, NASDAQ Dividends reports. Investors of record on Friday, February 21st will be given a dividend of 0.207 per share on Friday, February 28th. This represents a $2.48 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

First Trust NASDAQ BuyWrite Income ETF Price Performance

NASDAQ:FTQI traded down $0.55 during mid-day trading on Friday, reaching $20.69. The stock had a trading volume of 191,620 shares, compared to its average volume of 241,442. The business’s 50 day moving average is $21.07 and its 200 day moving average is $20.69. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $18.23 and a fifty-two week high of $21.49. The stock has a market cap of $553.46 million, a P/E ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Company Profile

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.