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

First Trust Dividend Strength ETF (NASDAQ:FTDS) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Investors of record on Thursday, March 26th will be given a dividend of 0.3109 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, March 26th. This is a 25.2% increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.25.

First Trust Dividend Strength ETF Price Performance

NASDAQ:FTDS traded up $0.00 during trading hours on Thursday, hitting $60.58. 108 shares of the company were exchanged, compared to its average volume of 1,331. First Trust Dividend Strength ETF has a 52-week low of $44.26 and a 52-week high of $63.06. The stock has a market capitalization of $30.29 million, a price-to-earnings ratio of 14.53 and a beta of 0.96. The company’s 50 day moving average price is $60.93 and its 200-day moving average price is $57.61.

About First Trust Dividend Strength ETF

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.