Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) to Issue Dividend of $0.17

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) announced a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Wednesday, March 26th will be given a dividend of 0.17 per share on Thursday, March 27th. The ex-dividend date is Wednesday, March 26th. This is a 22.7% increase from Horizon Kinetics Inflation Beneficiaries ETF’s previous dividend of $0.14.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.9 %

NYSEARCA INFL traded down $0.36 during trading on Wednesday, hitting $41.14. 196,467 shares of the stock traded hands, compared to its average volume of 130,068. Horizon Kinetics Inflation Beneficiaries ETF has a 12-month low of $31.67 and a 12-month high of $43.13. The firm has a 50-day simple moving average of $40.13 and a 200-day simple moving average of $39.64. The company has a market capitalization of $1.14 billion, a P/E ratio of 23.59 and a beta of 0.86.

About Horizon Kinetics Inflation Beneficiaries ETF

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.