First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Increases Dividend to $0.18 Per Share

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.1843 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, June 25th. This is a 96.7% increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 0.7%

NASDAQ:DDIV traded up $0.33 during trading hours on Thursday, hitting $45.41. The stock had a trading volume of 2,571 shares, compared to its average volume of 5,266. The company has a market cap of $70.39 million, a PE ratio of 17.21 and a beta of 0.91. The business has a 50 day simple moving average of $44.62 and a two-hundred day simple moving average of $42.94. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $37.59 and a 1-year high of $45.57.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.