First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Plans Monthly Dividend of $0.08

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.0772 per share on Friday, October 30th. This represents a $0.93 annualized dividend and a yield of 5.8%. The ex-dividend date is Wednesday, October 21st. This is a 19.6% decrease from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.0960.

First Trust Multi-Asset Diversified Income Index Fund Stock Down 0.7%

Shares of NASDAQ MDIV traded down $0.10 during trading on Wednesday, reaching $15.96. 14,274 shares of the company traded hands, compared to its average volume of 66,878. The firm has a 50 day simple moving average of $16.40 and a 200-day simple moving average of $16.53. The stock has a market capitalization of $411.10 million, a PE ratio of 14.11 and a beta of 0.55. First Trust Multi-Asset Diversified Income Index Fund has a 52-week low of $15.52 and a 52-week high of $17.02.

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.