Formidable Fortress ETF (NYSEARCA:KONG) to Issue Annual Dividend of $0.11

Formidable Fortress ETF (NYSEARCA:KONG) announced an annual dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.112 per share on Friday, December 26th. This represents a dividend yield of 36.0%. The ex-dividend date is Wednesday, December 24th.

Formidable Fortress ETF Price Performance

Shares of NYSEARCA KONG traded down $0.12 during mid-day trading on Wednesday, hitting $30.86. 204 shares of the company’s stock traded hands, compared to its average volume of 1,583. Formidable Fortress ETF has a 1 year low of $25.64 and a 1 year high of $31.00. The company’s 50-day moving average is $30.20 and its two-hundred day moving average is $30.14. The company has a market capitalization of $22.53 million, a P/E ratio of 60.51 and a beta of 0.68.

About Formidable Fortress ETF

The Formidable Fortress ETF (KONG) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world. KONG was launched on Jul 22, 2021 and is managed by Formidable.