First Trust Multi-Asset Diversified Income Index Fund (MDIV) to Issue Monthly Dividend of $0.13 on May 29th

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Wednesday, May 20th. Investors of record on Thursday, May 21st will be paid a dividend of 0.1321 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 154.0% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.05.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of MDIV stock opened at $16.64 on Friday. 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 stock’s 50-day moving average is $16.44 and its 200 day moving average is $16.19. The company has a market cap of $412.67 million, a P/E ratio of 14.11 and a beta of 0.55.

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.