Alger Mid Cap 40 ETF Plans Annual Dividend of $0.04 (NYSEARCA:FRTY)

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) announced an annual dividend on Wednesday, December 17th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.041 per share on Wednesday, December 31st. This represents a dividend yield of 20.0%. The ex-dividend date is Thursday, December 18th.

Alger Mid Cap 40 ETF Stock Down 0.2%

FRTY opened at $20.68 on Thursday. The stock has a market cap of $118.70 million, a PE ratio of 36.46 and a beta of 1.12. The business has a 50 day moving average of $21.54 and a 200-day moving average of $20.56. Alger Mid Cap 40 ETF has a 52 week low of $13.56 and a 52 week high of $23.36.

About Alger Mid Cap 40 ETF

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.