First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) to Issue Dividend Increase – $0.15 Per Share

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) declared a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.1529 per share on Monday, March 31st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 17.8% increase from First Trust NASDAQ 100 Equal Weighted Index Fund’s previous quarterly dividend of $0.13.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Down 1.1 %

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund stock opened at $123.86 on Friday. First Trust NASDAQ 100 Equal Weighted Index Fund has a 1-year low of $113.15 and a 1-year high of $136.19. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 27.58 and a beta of 1.05. The firm’s 50-day moving average price is $128.88 and its two-hundred day moving average price is $127.73.

About First Trust NASDAQ 100 Equal Weighted Index Fund

The First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) is an exchange-traded fund that is based on the NASDAQ-100 Equally Weighted index. The fund tracks an equal-weighted version of the NASDAQ 100. QQEW was launched on Apr 19, 2006 and is managed by First Trust.