First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Plans Dividend Increase – $0.31 Per Share

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.3057 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 92.4% increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Performance

KNGZ stock remained flat at $40.31 during midday trading on Thursday. 961 shares of the company’s stock traded hands, compared to its average volume of 6,406. The business has a 50-day moving average price of $39.71 and a 200-day moving average price of $37.91. The company has a market cap of $64.50 million, a price-to-earnings ratio of 16.58 and a beta of 0.86. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12-month low of $33.09 and a 12-month high of $42.03.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Company Profile

The First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a sector-neutral US large-cap index selected and weighted based on dividend history and yield. KNGZ was launched on Jun 20, 2017 and is issued by First Trust.