Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Increases Dividend to $0.15 Per Share

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) announced a quarterly dividend on Wednesday, September 25th, NASDAQ reports. Shareholders of record on Thursday, September 26th will be given a dividend of 0.145 per share on Friday, September 27th. This represents a $0.58 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 26th. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0050427.

Wahed Dow Jones Islamic World ETF Stock Up 3.3 %

NASDAQ:UMMA traded up $0.82 on Thursday, reaching $26.06. 30,665 shares of the company’s stock traded hands, compared to its average volume of 25,932. The stock has a 50-day simple moving average of $24.71 and a 200-day simple moving average of $24.48. The firm has a market cap of $106.85 million, a PE ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a 12 month low of $19.18 and a 12 month high of $26.29.

About Wahed Dow Jones Islamic World ETF

The Wahed Dow Jones Islamic World ETF (UMMA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of global ex-US securities that are determined to be Shariah-compliant based on business activities and accounting criteria. Holdings are also screened to assess ESG risks.