First Trust India NIFTY 50 Equal Weight ETF (NFTY) to Issue Special Dividend of $0.11

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First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) declared a special dividend on Thursday, March 21st, Wall Street Journal reports. Shareholders of record on Friday, March 22nd will be paid a dividend of 0.106 per share on Friday, March 29th. The ex-dividend date of this dividend is Thursday, March 21st.

Shares of NASDAQ:NFTY traded down $0.23 during midday trading on Thursday, hitting $37.77. The company had a trading volume of 585 shares, compared to its average volume of 908. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $31.35 and a 12 month high of $39.68.

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Further Reading: Cost of Equity

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