First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Raises Dividend to $0.18 Per Share

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.1843 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 96.7% increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 0.7%

Shares of NASDAQ:DDIV traded up $0.33 during trading on Thursday, reaching $45.41. 2,571 shares of the stock were exchanged, compared to its average volume of 5,266. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $37.59 and a 12 month high of $45.57. The firm has a market cap of $70.39 million, a PE ratio of 17.21 and a beta of 0.91. The stock has a 50-day moving average price of $44.62 and a 200-day moving average price of $42.94.

About First Trust Dorsey Wright Momentum & Dividend ETF

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.