Emerging Markets Equity Select ETF (NASDAQ:RNEM) to Issue Dividend Increase – $0.63 Per Share

Emerging Markets Equity Select ETF (NASDAQ:RNEM) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.6346 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, September 24th. This is a 82.3% increase from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.35.

Emerging Markets Equity Select ETF Trading Down 1.4%

Shares of RNEM traded down $0.79 during midday trading on Thursday, hitting $55.46. 65,538 shares of the company’s stock traded hands, compared to its average volume of 1,528. The stock has a market capitalization of $16.64 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. The firm’s fifty day moving average is $56.70 and its 200-day moving average is $55.80. Emerging Markets Equity Select ETF has a 1 year low of $46.90 and a 1 year high of $59.01.

About Emerging Markets Equity Select ETF

The First Trust Emerging Markets Equity Select ETF (RNEM) is an exchange-traded fund that is based on the Nasdaq Riskalyze Emerging Markets index. The fund tracks a tier-weighted index of emerging-market stocks selected for low volatility. RNEM was launched on Jun 20, 2017 and is managed by First Trust.