First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Declares $0.10 Monthly Dividend

by · The Markets Daily

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV – Get Free Report) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.096 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, September 24th.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of NASDAQ:MDIV traded down $0.14 during midday trading on Thursday, reaching $16.07. The company’s stock had a trading volume of 7,630 shares, compared to its average volume of 67,646. First Trust Multi-Asset Diversified Income Index Fund has a fifty-two week low of $15.52 and a fifty-two week high of $17.02. The company has a market capitalization of $413.67 million, a P/E ratio of 14.11 and a beta of 0.54. The business’s fifty day simple moving average is $16.73 and its 200-day simple moving average is $16.58.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

(Get Free Report)

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.

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