First Trust Multi-Asset Diversified Income Index Fund (MDIV) to Distribute Monthly Dividend of $0.16 on June 30th

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be given a dividend of 0.1588 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 20.2% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.13.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

Shares of NASDAQ MDIV opened at $16.43 on Friday. The firm has a market cap of $407.46 million, a P/E ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a 1 year low of $15.52 and a 1 year high of $16.81. The firm’s 50 day moving average price is $16.57 and its 200 day moving average price is $16.33.

About First Trust Multi-Asset Diversified Income Index Fund

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.