First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Raises Dividend to $0.10 Per Share

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.0989 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 25th. This is a 238.7% increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Up 0.1%

NASDAQ DVOL traded up $0.04 on Thursday, hitting $36.74. 7,766 shares of the company were exchanged, compared to its average volume of 10,526. The firm has a 50 day moving average of $36.36 and a two-hundred day moving average of $35.91. The company has a market cap of $73.48 million, a P/E ratio of 24.91 and a beta of 0.76. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1-year low of $33.60 and a 1-year high of $37.50.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.