Fidelity Low Duration Bond ETF (NASDAQ:FLDB) to Issue Dividend Increase – $0.17 Per Share

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Monday, June 29th, NASDAQ Dividends reports. Shareholders of record on Monday, June 29th will be given a dividend of 0.17 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 29th. This is a 5.6% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Fidelity Low Duration Bond ETF Price Performance

FLDB traded down $0.13 during mid-day trading on Monday, reaching $50.29. 2,009 shares of the stock were exchanged, compared to its average volume of 7,498. Fidelity Low Duration Bond ETF has a 1 year low of $50.15 and a 1 year high of $50.93. The company has a 50 day moving average price of $50.36 and a two-hundred day moving average price of $50.42.

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.