Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Increases Dividend to $0.17 Per Share

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) announced a quarterly dividend on Thursday, March 26th, NASDAQ Dividends reports. Stockholders of record on Friday, March 27th will be given a dividend of 0.1738 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, March 27th. This is a 35.0% increase from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.13.

Cabana Target Drawdown 7 ETF Trading Down 0.5%

Shares of NASDAQ TDSB traded down $0.11 during trading on Friday, reaching $24.00. 1,806 shares of the company traded hands, compared to its average volume of 10,649. The firm’s fifty day simple moving average is $24.71 and its 200 day simple moving average is $24.14. Cabana Target Drawdown 7 ETF has a 12-month low of $20.83 and a 12-month high of $25.30. The stock has a market cap of $54 million, a P/E ratio of 20.85 and a beta of 0.34.

About Cabana Target Drawdown 7 ETF

The Cabana Target Drawdown 7 ETF (TDSB) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds which aims to provide long-term growth that adjusts an asset allocation to pursue a targeted risk parameter of 7% from peak to trough. TDSB was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.