First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Announces $0.10 Monthly Dividend

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of 0.096 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Multi-Asset Diversified Income Index Fund Trading Down 1.0%

Shares of First Trust Multi-Asset Diversified Income Index Fund stock traded down $0.16 during trading hours on Thursday, reaching $16.05. The stock had a trading volume of 8,057 shares, compared to its average volume of 67,655. The stock’s 50 day moving average is $16.73 and its 200 day moving average is $16.58. The firm has a market capitalization of $413.39 million, a PE ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a twelve month low of $15.52 and a twelve month high of $17.02.

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.