First Trust Mid Cap Value AlphaDEX Fund (FNK) to Distribute Quarterly Dividend of $0.28 on September 30th

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of $0.2757 per share on Wednesday, September 30th. This represents a $1.10 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, September 24th. This is a 64.5% increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.1676.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

Shares of First Trust Mid Cap Value AlphaDEX Fund stock opened at $60.34 on Friday. The stock has a market capitalization of $217.21 million, a P/E ratio of 10.44 and a beta of 0.96. The business has a 50 day simple moving average of $63.66 and a two-hundred day simple moving average of $60.79. First Trust Mid Cap Value AlphaDEX Fund has a 12 month low of $51.98 and a 12 month high of $65.14.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.