Horizon Kinetics Energy and Remediation ETF (NYSEARCA: NVIR) has declared an annual dividend of $0.30 per share, set to be distributed on December 24, 2023. Shareholders who are on record as of December 23, 2023, will receive this dividend, which corresponds to a significant yield of 91.0%. The ex-dividend date is also December 23, 2023.
ETF Performance Overview
On the opening day of this announcement, NVIR shares traded at $32.74. The fund boasts a market capitalization of approximately $3.93 million, a price-to-earnings (P/E) ratio of 17.75, and a beta of 0.62, indicating lower volatility compared to the broader market.
The ETF’s price movements reveal a 50-day moving average of $32.74 and a 200-day moving average of $31.54. Over the past year, NVIR has experienced a low of $25.57 and a high of $34.01, illustrating its fluctuations in the competitive energy and remediation sector.
The upcoming dividend is a notable event for investors, reflecting the firm’s commitment to returning value to its shareholders. Such high dividend yields can attract income-focused investors, especially in a landscape where many traditional investments may offer lower returns.
For those interested in tracking developments related to Horizon Kinetics Energy and Remediation ETF, further insights and updates can be obtained through various financial news outlets and newsletters.
