IQ U.S. Large Cap R&D Leaders ETF (LRND) to Issue Quarterly Dividend of $0.08 on April 4th

IQ U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) declared a quarterly dividend on Wednesday, March 27th, NASDAQ reports. Stockholders of record on Monday, April 1st will be paid a dividend of 0.0827 per share on Thursday, April 4th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, March 28th.

IQ U.S. Large Cap R&D Leaders ETF Stock Performance

Shares of LRND stock opened at $31.45 on Friday. IQ U.S. Large Cap R&D Leaders ETF has a 52-week low of $22.37 and a 52-week high of $31.53. The stock has a market cap of $6.29 million, a price-to-earnings ratio of 15.90 and a beta of 1.07. The firm has a fifty day moving average of $30.33 and a 200-day moving average of $27.84.

About IQ U.S. Large Cap R&D Leaders ETF

The IQ U.S. Large Cap R&D Leaders ETF (LRND) is an exchange-traded fund that is based on the IQ U.S. Large Cap R&D Leaders index. The fund tracks an index of 100 large-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending. LRND was launched on Feb 8, 2022 and is managed by IndexIQ.