First Trust Dividend Strength ETF (NASDAQ:FTDS) Increases Dividend to $0.31 Per Share

First Trust Dividend Strength ETF (NASDAQ:FTDS) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be given a dividend of 0.3109 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, March 26th. This is a 25.2% increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.25.

First Trust Dividend Strength ETF Stock Performance

Shares of First Trust Dividend Strength ETF stock traded up $0.00 during midday trading on Thursday, reaching $60.58. 108 shares of the company’s stock traded hands, compared to its average volume of 1,331. First Trust Dividend Strength ETF has a 52 week low of $44.26 and a 52 week high of $63.06. The company’s 50 day simple moving average is $60.93 and its 200 day simple moving average is $57.61. The company has a market cap of $30.29 million, a price-to-earnings ratio of 14.53 and a beta of 0.96.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.