Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Raises Dividend to $0.10 Per Share

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be given a dividend of 0.096 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 405.3% increase from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02.

Wahed FTSE USA Shariah ETF Price Performance

Shares of NASDAQ HLAL traded down $0.20 during midday trading on Thursday, hitting $74.70. 5,891 shares of the company’s stock were exchanged, compared to its average volume of 62,660. Wahed FTSE USA Shariah ETF has a twelve month low of $57.22 and a twelve month high of $75.64. The firm has a market cap of $972.55 million, a P/E ratio of 26.06 and a beta of 1.03. The stock’s 50 day moving average price is $72.21 and its 200-day moving average price is $68.89.

About Wahed FTSE USA Shariah ETF

The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that is based on the FTSE USA Shariah index, a principles-selected, market-cap-weighted index of US equities. HLAL was launched on Jul 16, 2019 and is managed by Wahed.