NYLIM U.S. Large Cap R&D Leaders ETF (LRND) to Distribute Quarterly Dividend of $0.04 on October 2nd

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND – Get Free Report) announced a quarterly dividend on Tuesday, September 29th. Investors of record on Wednesday, September 30th will be given a dividend of $0.0439 per share on Friday, October 2nd. This represents a $0.18 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 3.7% decrease from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0456.

NYLIM U.S. Large Cap R&D Leaders ETF Price Performance

Shares of LRND opened at $47.64 on Thursday. NYLIM U.S. Large Cap R&D Leaders ETF has a 1 year low of $35.87 and a 1 year high of $48.25. The stock has a 50 day simple moving average of $46.34 and a two-hundred day simple moving average of $43.81. The firm has a market cap of $457.34 million, a P/E ratio of 23.74 and a beta of 1.10.

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About NYLIM U.S. Large Cap R&D Leaders ETF

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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.

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