First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Announces $0.07 Monthly Dividend

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Monday, July 20th. Stockholders of record on Tuesday, July 21st will be given a dividend of 0.0684 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

NASDAQ MDIV opened at $16.83 on Tuesday. First Trust Multi-Asset Diversified Income Index Fund has a one year low of $15.52 and a one year high of $17.00. The company has a 50-day simple moving average of $16.61 and a 200-day simple moving average of $16.43. The firm has a market capitalization of $429.16 million, a PE ratio of 14.11 and a beta of 0.54.

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.