First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Increases Dividend to $0.20 Per Share

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.20 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Thursday, September 24th. This is a 8.1% increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.18.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ:FEMB traded down $0.64 during midday trading on Thursday, hitting $28.68. 3,943 shares of the stock were exchanged, compared to its average volume of 116,093. The business has a 50-day moving average price of $29.47 and a two-hundred day moving average price of $29.40. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $28.30 and a one 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.