First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) to Issue Dividend Increase – $0.41 Per Share

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.4106 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 54.4% increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ:FNX traded down $0.73 during trading hours on Thursday, reaching $137.20. The stock had a trading volume of 520 shares, compared to its average volume of 21,621. First Trust Mid Cap Core AlphaDEX Fund has a 1 year low of $117.48 and a 1 year high of $147.98. The firm’s 50 day moving average is $143.91 and its 200-day moving average is $139.45. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.19 and a beta of 1.05.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.