First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Increases Dividend to $1.07 Per Share

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 1.0702 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 207.1% increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of RFDI stock traded up $0.13 during midday trading on Thursday, hitting $86.91. The company had a trading volume of 5,321 shares, compared to its average volume of 3,652. The company’s 50 day simple moving average is $86.63 and its 200 day simple moving average is $84.47. First Trust RiverFront Dynamic Developed International ETF has a 52-week low of $71.69 and a 52-week high of $89.46. The stock has a market cap of $153.83 million, a price-to-earnings ratio of 12.09 and a beta of 0.82.

About First Trust RiverFront Dynamic Developed International ETF

The First Trust RiverFront Dynamic Developed International ETF (RFDI) is an exchange-traded fund that is based on the FTSE Developed ex U.S. index. The fund is an actively-managed fund that seeks capital appreciation from developed-country stocks (excluding the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. RFDI was launched on Apr 13, 2016 and is managed by First Trust.