IQ U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Declares $0.08 Quarterly Dividend

IQ U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) announced a quarterly dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Monday, April 1st will be given a dividend of 0.0827 per share on Thursday, April 4th. This represents a $0.33 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, March 28th.

IQ U.S. Large Cap R&D Leaders ETF Stock Down 0.3 %

Shares of LRND stock traded down $0.08 during mid-day trading on Thursday, hitting $31.45. 233 shares of the company’s stock were exchanged, compared to its average volume of 1,043. IQ U.S. Large Cap R&D Leaders ETF has a fifty-two week low of $22.37 and a fifty-two week high of $31.53. The stock has a 50-day simple moving average of $30.27 and a two-hundred day simple moving average of $27.81. The stock has a market cap of $6.29 million, a price-to-earnings ratio of 15.90 and a beta of 1.07.

IQ 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.