ProShares UltraPro QQQ (NASDAQ:TQQQ) Plans Quarterly Dividend of $0.07

Key Points

• ProShares UltraPro QQQ (TQQQ) announced a quarterly dividend of $0.0716 per share, with holders of record on March 25 and a pay date of March 31, implying an annualized yield of about 0.6%.
• Shares traded up 1.8% to $44.39 during the session on heavy intraday volume of ~78.4M (vs. average ~102.7M); the ETF has a 52‑week range of $17.50–$60.69 and a market cap of approximately $23.8B.
• The fund is a leveraged ETF that seeks daily investment results equal to 300% (triple) the daily performance of the NASDAQ‑100 using derivatives, making it intended primarily for short‑term trading rather than long‑term buy‑and‑hold investors.

ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) announced a quarterly dividend on Tuesday, March 24th. Stockholders of record on Wednesday, March 25th will be paid a dividend of 0.0716 per share by the exchange traded fund on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, March 25th.

ProShares UltraPro QQQ Trading Up 1.8%

Shares of NASDAQ:TQQQ traded up $0.77 during midday trading on Wednesday, hitting $44.39. The stock had a trading volume of 78,363,553 shares, compared to its average volume of 102,675,328. ProShares UltraPro QQQ has a 1 year low of $17.50 and a 1 year high of $60.69. The stock has a 50 day moving average price of $50.26 and a two-hundred day moving average price of $52.09. The company has a market capitalization of $23.83 billion, a PE ratio of 38.25 and a beta of 3.46.

About ProShares UltraPro QQQ

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

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