The ClearBridge Large Cap Growth ESG ETF (NASDAQ: LRGE) has announced a dividend of $0.10 per share, as reported on December 24, 2023. Shareholders recorded as of December 26, 2023, will receive this dividend on December 31, 2023. The ex-dividend date is also set for December 26, meaning that investors must own shares before this date to be eligible for the payout.
Following the announcement, the ETF’s stock experienced a slight increase of 0.1% on Thursday, trading at $83.38. The trading volume was 5,480 shares, which is below its average of 12,560 shares. Over the past year, the ETF has seen a low of $60.72 and a high of $87.29.
Performance Metrics and Market Overview
The ClearBridge Large Cap Growth ESG ETF currently holds a market capitalization of $442.75 million. Its price-to-earnings (PE) ratio stands at 34.66, with a beta of 1.12, indicating that the ETF’s price movements are slightly more volatile than the broader market. The ETF has a 50-day moving average price of $82.86 and a 200-day moving average price of $81.17.
Investors are keen to monitor the performance of this ETF, especially in the context of the growing interest in Environmental, Social, and Governance (ESG) investments. As more funds shift focus towards sustainable practices, the appeal of ETFs like ClearBridge could grow, potentially leading to positive implications for both dividend payouts and overall stock performance.
The announcement of this dividend reflects the ETF’s ongoing strategy to reward its investors, emphasizing its commitment to providing value while adhering to ESG principles. Investors seeking insights into other financial opportunities may find it beneficial to follow market trends and anticipated movements within similar investment vehicles.
