First Trust Dividend Strength ETF (NASDAQ:FTDS) to Issue Dividend Increase – $0.31 Per Share

First Trust Dividend Strength ETF (NASDAQ:FTDS) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.3094 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 24th. This is a 60.5% increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.19.

First Trust Dividend Strength ETF Trading Down 0.7%

Shares of NASDAQ FTDS traded down $0.47 during midday trading on Thursday, reaching $63.09. 206 shares of the company were exchanged, compared to its average volume of 2,013. The stock has a market cap of $37.85 million, a P/E ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a 1 year low of $53.43 and a 1 year high of $67.24. The stock has a fifty day simple moving average of $65.24 and a 200 day simple moving average of $62.25.

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.