Investors accustomed to quarterly or monthly dividends can soon see their calendars become fuller. Defiance ETFs on Thursday dropped an ETF that offers something new in the U.S. market: income provided twice weekly.
The Defiance Nasdaq 100 LightningSpread Income ETF (NASDAQ:QLDY), which debuted this week, is promoted as the first ETF to adopt such an aggressive payout schedule. Instead of waiting weeks between dividends, investors may receive cash in their accounts every Thursday and Monday. The expense ratio stands at 1.04%, which looks fine, given the frequent income generation capability of the fund.
