First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF Announces Quarterly Dividend

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF (NASDAQ: QQXT) has announced a quarterly dividend of $0.1955 per share. This decision is part of the fund's ongoing commitment to returning value to its shareholders.

The announced dividend comes with a forward yield of 0.82%, offering investors an additional incentive to consider this particular ETF. The dividend will be payable on March 31, and eligibility extends to shareholders who are on record as of March 27. It's important to note that the ex-dividend date is also set for March 27, which means that shares purchased on or after this date will not be entitled to the upcoming dividend payment.

About the First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF is designed to provide investors exposure to the performance of the NASDAQ-100 index, excluding the technology sector. This allows shareholders to invest in a diverse array of sectors while avoiding volatility associated with rapid developments in the tech industry.

Despite being a relatively newer offering in the investment space, QQXT has garnered interest for its unique approach. It is crucial for prospective investors to analyze the fund's performance metrics, including its dividend scorecard, yield chart, and overall growth trajectory, before making investment decisions.

Investment Considerations

When considering the First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF (QQXT), it's essential to take into account several factors. Although the ETF offers a competitive dividend yield, potential investors should also examine its fee structure and overall market performance.

Investing in funds like QQXT necessitates a thorough understanding of one’s financial goals and the risk profile associated with stock market investments. Diversifying across different sectors can provide investors with more stability, especially in uncertain markets.

Conclusion

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF's declaration of a $0.1955 dividend is a noteworthy development for current and prospective investors alike. As dividends can play a significant role in the overall return on investment, this announcement underscores the fund's objective of providing consistent returns to its shareholders.

ETF, Dividend, Investment