First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Plans Dividend Increase – $1.12 Per Share

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be given a dividend of 1.1214 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Thursday, June 25th. This is a 2,160.9% increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 1.2%

Shares of First Trust RiverFront Dynamic Emerging Markets ETF stock traded down $1.08 on Thursday, hitting $91.58. The stock had a trading volume of 1,582 shares, compared to its average volume of 5,065. The stock has a market cap of $77.84 million, a price-to-earnings ratio of 12.49 and a beta of 0.78. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $70.73 and a 52-week high of $97.64. The company’s 50 day moving average price is $93.29 and its 200 day moving average price is $86.72.

About First Trust RiverFront Dynamic Emerging Markets ETF

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio. RFEM was launched on Jun 14, 2016 and is managed by First Trust.