First Trust Multi-Asset Diversified Income Index Fund Plans Monthly Dividend of $0.05 (NASDAQ:MDIV)

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Monday, April 20th. Investors of record on Tuesday, April 21st will be given a dividend of 0.052 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, April 21st.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of NASDAQ MDIV traded down $0.04 during trading on Tuesday, hitting $16.49. 1,449 shares of the company were exchanged, compared to its average volume of 77,141. First Trust Multi-Asset Diversified Income Index Fund has a 1 year low of $15.52 and a 1 year high of $16.81. The company has a market cap of $405.63 million, a price-to-earnings ratio of 14.11 and a beta of 0.57. The firm’s fifty day moving average price is $16.44 and its 200 day moving average price is $16.07.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

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.