NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Declares Quarterly Dividend of $0.04

NYLIM U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) declared a quarterly dividend on Tuesday, September 29th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.0439 per share on Friday, October 2nd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 3.7% decrease from NYLIM U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.0456.

NYLIM U.S. Large Cap R&D Leaders ETF Stock Down 0.1%

LRND traded down $0.04 during trading on Wednesday, hitting $47.64. 178 shares of the company traded hands, compared to its average volume of 49,821. The firm has a market cap of $457.34 million, a P/E ratio of 23.74 and a beta of 1.10. The stock’s fifty day moving average is $46.28 and its 200 day moving average is $43.75. NYLIM U.S. Large Cap R&D Leaders ETF has a one year low of $35.87 and a one year high of $48.25.

NYLIM 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.