First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV – Get Free Report) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.0772 per share on Friday, October 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, October 21st. This is a 19.6% decrease from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.0960.
First Trust Multi-Asset Diversified Income Index Fund Price Performance
MDIV stock opened at $15.94 on Thursday. The firm has a market capitalization of $410.45 million, a P/E ratio of 14.11 and a beta of 0.55. First Trust Multi-Asset Diversified Income Index Fund has a 52-week low of $15.52 and a 52-week high of $17.02. The company’s 50 day simple moving average is $16.38 and its 200-day simple moving average is $16.53.
About First Trust Multi-Asset Diversified Income Index Fund
The Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF. MDIV was launched on Aug 14, 2012 and is managed by First Trust.
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