First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) to Issue Quarterly Dividend of $0.04

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) announced a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be given a dividend of 0.0449 per share on Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, March 27th. This is a 4.2% increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.04.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.9 %

Shares of NASDAQ:DVLU traded down $0.25 during trading on Thursday, reaching $28.75. The stock had a trading volume of 122 shares, compared to its average volume of 4,100. The stock has a fifty day simple moving average of $29.83 and a two-hundred day simple moving average of $30.41. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $27.19 and a 52 week high of $33.06. The firm has a market capitalization of $28.75 million, a price-to-earnings ratio of 14.12 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.