First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Plans Dividend Increase – $0.16 Per Share

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Wednesday, June 24th. Shareholders of record on Thursday, June 25th will be given a dividend of 0.1588 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Thursday, June 25th. This is a 20.2% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.13.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

NASDAQ:MDIV opened at $16.54 on Thursday. The company’s 50-day simple moving average is $16.57 and its 200-day simple moving average is $16.32. First Trust Multi-Asset Diversified Income Index Fund has a fifty-two week low of $15.52 and a fifty-two week high of $16.81. The stock has a market capitalization of $410.19 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.