First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) to Issue Dividend Increase – $0.13 Per Share

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Wednesday, March 25th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.134 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, March 26th. This is a 73.6% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.08.

First Trust Multi-Asset Diversified Income Index Fund Stock Up 0.1%

Shares of MDIV stock opened at $16.30 on Thursday. The firm has a market cap of $406.69 million, a PE ratio of 14.11 and a beta of 0.62. First Trust Multi-Asset Diversified Income Index Fund has a 12 month low of $14.74 and a 12 month high of $16.81. The company’s fifty day simple moving average is $16.40 and its 200-day simple moving average is $16.04.

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.