First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Declares Dividend Increase – $0.10 Per Share

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.0992 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, June 25th. This is a 267.4% increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.3%

Shares of First Trust Dorsey Wright Momentum & Value ETF stock traded up $0.11 during trading hours on Thursday, reaching $39.67. 6,801 shares of the company’s stock were exchanged, compared to its average volume of 6,686. The company has a 50 day moving average of $38.19 and a two-hundred day moving average of $36.64. First Trust Dorsey Wright Momentum & Value ETF has a fifty-two week low of $29.40 and a fifty-two week high of $39.96. The stock has a market cap of $45.62 million, a P/E ratio of 14.02 and a beta of 1.03.

About First Trust Dorsey Wright Momentum & Value ETF

The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.