NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Announces Dividend Increase – $0.05 Per Share

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) declared a quarterly dividend on Monday, June 29th, NASDAQ Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.0456 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 30th. This is a 19.1% increase from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.04.

NYLI U.S. Large Cap R&D Leaders ETF Trading Up 1.4%

LRND traded up $0.59 during trading hours on Tuesday, hitting $44.11. 2,275 shares of the company’s stock were exchanged, compared to its average volume of 56,042. The firm has a market cap of $299.95 million, a P/E ratio of 23.74 and a beta of 1.10. NYLI U.S. Large Cap R&D Leaders ETF has a 12-month low of $35.87 and a 12-month high of $46.16. The firm has a 50 day moving average of $43.81 and a 200 day moving average of $41.14.

NYLI 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.