First Trust Short Duration Managed Municipal ETF Declares Monthly Dividend of $0.04 (FSMB)
First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) announced a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, April 24th will be paid a dividend of 0.0388 per share on Tuesday, April 30th. This represents a $0.47 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Tuesday, April 23rd.
FSMB traded down $0.05 during trading on Tuesday, reaching $20.22. 6,147 shares of the stock traded hands, compared to its average volume of 4,735. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $20.06 and a fifty-two week high of $20.29.
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