Fidelity Low Duration Bond ETF (NASDAQ:FLDB) to Issue Dividend Increase – $0.17 Per Share

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Monday, June 29th, NASDAQ Dividends reports. Shareholders of record on Monday, June 29th will be given a dividend of 0.17 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, June 29th. This is a 5.6% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Fidelity Low Duration Bond ETF Stock Performance

Shares of NASDAQ FLDB opened at $50.29 on Tuesday. The stock’s fifty day simple moving average is $50.36 and its 200 day simple moving average is $50.42. Fidelity Low Duration Bond ETF has a 52-week low of $50.15 and a 52-week high of $50.93.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.