First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Raises Dividend to $0.35 Per Share

Key Points

• The First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) has raised its quarterly dividend to $0.35 per share, reflecting a 26.7% increase from the previous dividend of $0.28.
• Shareholders of record on September 25th will receive the new dividend on September 30th, with an annualized yield of 2.5%.
• The fund, which tracks an index of NASDAQ-listed banks and thrifts (excluding the largest 50), has a market capitalization of $116.65 million and is managed by First Trust.

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) announced a quarterly dividend on Wednesday, September 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, September 25th will be given a dividend of 0.3523 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 25th. This is a 26.7% increase from First Trust NASDAQ ABA Community Bank Index Fund's previous quarterly dividend of $0.28.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

Shares of NASDAQ:QABA traded down $0.43 during midday trading on Thursday, hitting $56.90. 72,717 shares of the stock were exchanged, compared to its average volume of 43,994. First Trust NASDAQ ABA Community Bank Index Fund has a 52-week low of $45.06 and a 52-week high of $64.30. The business's fifty day simple moving average is $56.74 and its two-hundred day simple moving average is $53.88. The company has a market capitalization of $116.65 million, a PE ratio of 13.59 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.

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