First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Announces Dividend Increase – $0.20 Per Share

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) announced a monthly dividend on Monday, October 21st, NASDAQ reports. Investors of record on Tuesday, October 22nd will be paid a dividend of 0.204 per share on Thursday, October 31st. This represents a $2.45 dividend on an annualized basis and a dividend yield of 11.92%. The ex-dividend date is Tuesday, October 22nd. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

First Trust NASDAQ BuyWrite Income ETF Stock Down 1.2 %

FTQI stock traded down $0.24 during trading on Tuesday, hitting $20.53. 151,359 shares of the company’s stock traded hands, compared to its average volume of 122,953. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $18.15 and a 52 week high of $20.93. The stock has a fifty day moving average price of $20.31 and a two-hundred day moving average price of $20.26. The stock has a market capitalization of $466.03 million, a price-to-earnings ratio of 29.15 and a beta of 0.52.

About First Trust NASDAQ BuyWrite Income ETF

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.