Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Plans Dividend Increase – $0.16 Per Share

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Thursday, February 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, February 26th will be paid a dividend of 0.158 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, February 26th. This is a 8.2% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.15.

Fidelity Low Duration Bond ETF Price Performance

Shares of FLDB opened at $50.40 on Friday. The stock’s fifty day moving average is $50.48 and its 200-day moving average is $50.56. Fidelity Low Duration Bond ETF has a one year low of $50.19 and a one year high of $50.93.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.