First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Increases Dividend to $0.21 Per Share

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) announced a monthly dividend on Thursday, February 20th, NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 12.01%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

First Trust NASDAQ BuyWrite Income ETF Stock Down 2.6 %

NASDAQ:FTQI opened at $20.69 on Friday. The company has a market capitalization of $553.46 million, a P/E ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $18.23 and a 52 week high of $21.49. The stock’s fifty day moving average is $21.07 and its two-hundred day moving average is $20.69.

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.