First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Plans Dividend Increase – $0.13 Per Share

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Wednesday, May 20th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.1321 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Thursday, May 21st. This is a 154.0% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.05.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of MDIV opened at $16.76 on Thursday. The firm’s 50 day moving average is $16.43 and its 200-day moving average is $16.18. The stock has a market capitalization of $415.65 million, a P/E ratio of 14.11 and a beta of 0.55. First Trust Multi-Asset Diversified Income Index Fund has a 12-month low of $15.52 and a 12-month high of $16.81.

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.