First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) to Issue Dividend Increase – $0.13 Per Share

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be given a dividend of 0.1294 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, June 25th. This is a 44.9% increase from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.09.

First Trust Nasdaq Food & Beverage ETF Trading Down 0.2%

Shares of First Trust Nasdaq Food & Beverage ETF stock traded down $0.04 on Thursday, reaching $22.33. 19,789 shares of the company were exchanged, compared to its average volume of 19,871. The stock has a fifty day moving average price of $22.23 and a 200-day moving average price of $22.19. The firm has a market capitalization of $16.75 million, a price-to-earnings ratio of 15.14 and a beta of 0.39. First Trust Nasdaq Food & Beverage ETF has a fifty-two week low of $20.43 and a fifty-two week high of $23.94.

About First Trust Nasdaq Food & Beverage ETF

The First Trust Nasdaq Food & Beverage ETF (FTXG) is an exchange-traded fund that is based on the Nasdaq US Smart Food & Beverage index. The fund follows a liquidity-selected, multi-factor-weighted index of US food & beverage companies. FTXG was launched on Sep 20, 2016 and is managed by First Trust.