First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) to Issue Dividend Increase – $0.20 Per Share

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Monday, October 21st, NASDAQ reports. Investors of record on Tuesday, October 22nd will be paid a dividend of 0.204 per share on Thursday, October 31st. This represents a $2.45 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Tuesday, October 22nd. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of NASDAQ FTQI opened at $20.53 on Wednesday. The stock has a market cap of $466.03 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 $18.15 and a 52-week high of $20.93. The firm has a 50 day moving average price of $20.32 and a 200 day moving average price of $20.26.

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.