NYLI U.S. Large Cap R&D Leaders ETF (LRND) To Go Ex-Dividend on March 31st

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) declared a quarterly dividend on Monday, March 30th, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.0383 per share on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 72.9% increase from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.02.

NYLI U.S. Large Cap R&D Leaders ETF Trading Up 3.7%

LRND stock opened at $37.18 on Wednesday. NYLI U.S. Large Cap R&D Leaders ETF has a 52 week low of $28.22 and a 52 week high of $41.88. The company has a market capitalization of $118.98 million, a price-to-earnings ratio of 23.74 and a beta of 1.06. The firm’s 50-day moving average is $39.23 and its two-hundred day moving average is $40.01.

NYLI U.S. Large Cap R&D Leaders ETF Company Profile

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.