First Trust Emerging Markets Local Currency Bond ETF (FEMB) to Distribute Monthly Dividend of $0.20 on September 30th

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of $0.20 per share on Wednesday, September 30th. This represents a $2.40 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 8.1% increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.1850.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 1.8%

Shares of FEMB stock opened at $28.51 on Friday. The stock’s 50-day moving average is $29.45 and its two-hundred day moving average is $29.39. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $28.30 and a 1 year high of $31.55.

About First Trust Emerging Markets Local Currency Bond ETF

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies. FEMB was launched on Nov 4, 2014 and is managed by First Trust.