First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) to Issue Dividend Increase - $0.13 Per Share

Key Points

• MDIV announced a monthly dividend of $0.134 per share payable March 31 to holders of record March 26 (ex-dividend March 26), a 73.6% increase from the prior $0.08 and implying an annualized yield of about 9.9%.
• Shares traded around $16.30 with a market cap of roughly $406.7 million, a 12‑month range of $14.74–$16.81, and 50-/200‑day simple moving averages of $16.40 and $16.04 respectively.
• The fund is an ETF managed by First Trust that tracks an equal‑weighted mix of dividend-paying equities, REITs, preferred securities, MLPs and a high‑yield bond ETF; it launched in August 2012.

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV - Get Free Report) announced a monthly dividend on Wednesday, March 25th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.134 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, March 26th. This is a 73.6% increase from First Trust Multi-Asset Diversified Income Index Fund's previous monthly dividend of $0.08.

First Trust Multi-Asset Diversified Income Index Fund Stock Up 0.1%

Shares of MDIV stock opened at $16.30 on Thursday. The firm has a market cap of $406.69 million, a PE ratio of 14.11 and a beta of 0.62. First Trust Multi-Asset Diversified Income Index Fund has a 12 month low of $14.74 and a 12 month high of $16.81. The company's fifty day simple moving average is $16.40 and its 200-day simple moving average is $16.04.

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.

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