First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Plans Dividend Increase – $0.09 Per Share

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) declared a quarterly dividend on Friday, December 13th, Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.086 per share on Tuesday, December 31st. This represents a $0.34 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, December 13th. This is an increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.02.

First Trust Nasdaq Transportation ETF has increased its dividend payment by an average of 0.9% annually over the last three years and has increased its dividend every year for the last 2 years.

Shares of FTXR traded up $0.43 during trading hours on Friday, hitting $24.59. The stock had a trading volume of 750 shares, compared to its average volume of 3,022. The firm has a 50-day moving average price of $24.47 and a 200 day moving average price of $23.51. First Trust Nasdaq Transportation ETF has a fifty-two week low of $20.65 and a fifty-two week high of $25.33.

Further Reading: What is the QQQ ETF?

Dividend History for First Trust Nasdaq Transportation ETF (NASDAQ:FTXR)

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