First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Declares Dividend Increase – $0.10 Per Share

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be paid a dividend of 0.0989 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 25th. This is a 238.7% increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.1%

Shares of NASDAQ:DVOL traded up $0.04 during trading on Thursday, reaching $36.74. The stock had a trading volume of 7,766 shares, compared to its average volume of 10,526. The stock has a fifty day simple moving average of $36.36 and a two-hundred day simple moving average of $35.91. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 52 week low of $33.60 and a 52 week high of $37.50. The firm has a market capitalization of $73.48 million, a price-to-earnings ratio of 24.91 and a beta of 0.76.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company Profile

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.