The GraniteShares YieldBOOST QQQ ETF (NASDAQ: TQQY) announced an increase in its dividend to $0.14 per share, a decision revealed on February 19, 2024. This adjustment reflects a 0.4% rise from the previous dividend amount of $0.14. Shareholders of record as of February 20, 2024, will receive the dividend payment on February 24, 2024. The ETF’s ex-dividend date is also set for February 20.
The announcement appears to have had a positive impact on the ETF’s market performance. On the day following the dividend declaration, shares of TQQY increased by 0.3%, trading at $14.55. The trading volume reached 13,069 shares, compared to the average volume of 17,923 shares.
Over the past year, TQQY has seen a fifty-two week low of $14.09 and a high of $25.37. The current fifty-day moving average price stands at $15.42, while the two-hundred day moving average price is $17.25. This increase in dividend demonstrates GraniteShares’ commitment to providing value to its shareholders, even as market conditions fluctuate.
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