REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) Increases Dividend to $1.09 Per Share

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) announced a monthly dividend on Wednesday, September 25th, NASDAQ reports. Shareholders of record on Thursday, September 26th will be given a dividend of 1.0923 per share on Friday, September 27th. This represents a $13.11 dividend on an annualized basis and a dividend yield of 25.60%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from REX FANG & Innovation Equity Premium Income ETF’s previous monthly dividend of $1.08.

REX FANG & Innovation Equity Premium Income ETF Stock Up 0.4 %

Shares of REX FANG & Innovation Equity Premium Income ETF stock traded up $0.22 on Thursday, reaching $51.20. The company’s stock had a trading volume of 125,524 shares, compared to its average volume of 136,079. The company has a market capitalization of $376.32 million, a price-to-earnings ratio of 43.97 and a beta of 1.06. The firm’s fifty day simple moving average is $50.66 and its two-hundred day simple moving average is $53.28. REX FANG & Innovation Equity Premium Income ETF has a 52 week low of $44.16 and a 52 week high of $57.29.

About REX FANG & Innovation Equity Premium Income ETF

The REX FANG & Innovation Equity Premium Income ETF (FEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking to provide similar returns as the Solactive FANG Innovation Index and monthly income. The fund invests in the securities comprising the index while writing call options on them.