First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Plans Dividend Increase – $0.16 Per Share

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) announced a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be given a dividend of 0.1576 per share on Monday, March 31st. This represents a $0.63 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, March 27th. This is a 14.0% increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock traded down $0.32 during mid-day trading on Thursday, hitting $34.00. 2,173,972 shares of the stock were exchanged, compared to its average volume of 1,376,112. The company has a market capitalization of $7.58 billion, a P/E ratio of 13.44 and a beta of 1.18. The company has a 50-day simple moving average of $35.77 and a 200 day simple moving average of $36.54. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $32.22 and a 12 month high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.