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

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Thursday, August 20th. Investors of record on Friday, August 21st will be given a dividend of 0.115 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend 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 Trading Down 0.2%

NASDAQ MDIV opened at $16.91 on Friday. First Trust Multi-Asset Diversified Income Index Fund has a 12 month low of $15.52 and a 12 month high of $17.02. The stock has a market cap of $432.05 million, a price-to-earnings ratio of 14.11 and a beta of 0.54. The company’s 50 day moving average is $16.71 and its two-hundred day moving average is $16.57.

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.