Fidelity Low Duration Bond ETF (NASDAQ:FLDB) to Issue Monthly Dividend of $0.17

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) announced a monthly dividend on Monday, March 30th, NASDAQ Dividends reports. Stockholders of record on Monday, March 30th will be given a dividend of 0.169 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 30th. This is a 7.0% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Fidelity Low Duration Bond ETF Price Performance

NASDAQ:FLDB traded down $0.12 during mid-day trading on Monday, hitting $50.29. 14,693 shares of the company’s stock traded hands, compared to its average volume of 8,798. The firm has a 50 day moving average of $50.45 and a two-hundred day moving average of $50.53. Fidelity Low Duration Bond ETF has a 12 month low of $50.19 and a 12 month high of $50.93.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.