First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) to Issue $0.31 Quarterly Dividend

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be given a dividend of 0.3053 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NASDAQ NFTY traded down $1.46 during midday trading on Thursday, reaching $51.05. 40,413 shares of the stock were exchanged, compared to its average volume of 30,947. The business has a 50-day simple moving average of $56.06 and a two-hundred day simple moving average of $57.58. The company has a market capitalization of $145.49 million, a price-to-earnings ratio of 24.33 and a beta of 0.45. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $51.00 and a 12 month high of $60.70.

First Trust India NIFTY 50 Equal Weight ETF Company Profile

The First Trust India NIFTY 50 Equal Weight ETF (NFTY) is an exchange-traded fund that is based on the NIFTY 50 Equal Weight index. The fund tracks an equally weighted index of the 50 largest and most liquid Indian equity securities. NFTY was launched on Feb 14, 2012 and is managed by First Trust.