First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Announces Dividend Increase – $0.42 Per Share

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) declared a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be given a dividend of 0.4231 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, June 25th. This is a 34.2% increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

NASDAQ:TDIV opened at $113.92 on Thursday. The company has a market cap of $4.32 billion, a PE ratio of 25.63 and a beta of 1.15. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $88.58 and a 52-week high of $128.50. The stock has a 50-day simple moving average of $113.31 and a 200 day simple moving average of $103.11.

About First Trust NASDAQ Technology Dividend Index Fund

The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is an exchange-traded fund that is based on the NASDAQ Technology Dividend index. The fund tracks a modified dividend-weighted index of US-listed technology companies that pay regular dividends. TDIV was launched on Aug 14, 2012 and is managed by First Trust.