Emerging Markets Equity Select ETF (RNEM) to Issue Quarterly Dividend of $0.63 on September 30th

Emerging Markets Equity Select ETF (NASDAQ:RNEM) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.6346 per share on Wednesday, September 30th. This represents a $2.54 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 82.3% increase from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.3481.

Emerging Markets Equity Select ETF Stock Down 1.7%

NASDAQ RNEM opened at $55.30 on Friday. The firm has a market cap of $16.59 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. The business has a 50-day moving average price of $56.69 and a 200-day moving average price of $55.80. Emerging Markets Equity Select ETF has a twelve month low of $46.90 and a twelve month high of $59.01.

About Emerging Markets Equity Select ETF

The First Trust Emerging Markets Equity Select ETF (RNEM) is an exchange-traded fund that is based on the Nasdaq Riskalyze Emerging Markets index. The fund tracks a tier-weighted index of emerging-market stocks selected for low volatility. RNEM was launched on Jun 20, 2017 and is managed by First Trust.