First Trust California Municipal High Income ETF (NASDAQ:FCAL) Announces Dividend Increase – $0.14 Per Share

First Trust California Municipal High Income ETF (NASDAQ:FCAL) announced a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Shareholders of record on Thursday, May 21st will be given a dividend of 0.143 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 0.7% increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14.

First Trust California Municipal High Income ETF Price Performance

Shares of FCAL traded down $0.19 during midday trading on Thursday, hitting $48.84. The stock had a trading volume of 33,196 shares, compared to its average volume of 22,129. The company has a 50 day simple moving average of $49.27 and a two-hundred day simple moving average of $49.42. First Trust California Municipal High Income ETF has a twelve month low of $47.35 and a twelve month high of $50.13. The firm has a market cap of $207.57 million, a price-to-earnings ratio of 128.53 and a beta of 0.26.

First Trust California Municipal High Income ETF Company Profile

First California Financial Group, Inc is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California.