First Trust Multi-Asset Diversified Income Index Fund (MDIV) To Go Ex-Dividend on September 24th

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of $0.0960 per share on Wednesday, September 30th. This represents a $1.15 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, September 24th. This is a 16.5% decrease from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.1150.

First Trust Multi-Asset Diversified Income Index Fund Stock Down 1.1%

Shares of NASDAQ:MDIV opened at $16.03 on Friday. The business has a 50 day moving average price of $16.72 and a 200 day moving average price of $16.58. First Trust Multi-Asset Diversified Income Index Fund has a twelve month low of $15.52 and a twelve month high of $17.02. The company has a market cap of $412.77 million, a price-to-earnings 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.