First Trust Dividend Strength ETF (FTDS) to Issue Quarterly Dividend of $0.31 on March 31st

First Trust Dividend Strength ETF (NASDAQ:FTDS) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.3109 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 26th. This is a 25.2% increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.25.

First Trust Dividend Strength ETF Stock Performance

Shares of NASDAQ:FTDS opened at $60.58 on Friday. The stock’s 50-day moving average is $60.95 and its 200-day moving average is $57.63. The company has a market cap of $30.29 million, a P/E ratio of 14.53 and a beta of 0.96. First Trust Dividend Strength ETF has a 52-week low of $44.26 and a 52-week high of $63.06.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.