First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Raises Dividend to $0.12 Per Share

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Thursday, August 20th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.115 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Friday, August 21st. This is a 68.1% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.07.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

Shares of MDIV stock opened at $16.91 on Friday. First Trust Multi-Asset Diversified Income Index Fund has a fifty-two week low of $15.52 and a fifty-two week high of $17.02. The stock has a 50 day simple moving average of $16.71 and a two-hundred day simple moving average of $16.57. The company has a market cap of $432.05 million, a P/E ratio of 14.11 and a beta of 0.54.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

The Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF. MDIV was launched on Aug 14, 2012 and is managed by First Trust.