First Trust Multi-Asset Diversified Income Index Fund (MDIV) to Distribute Monthly Dividend of $0.12 on August 31st

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Thursday, August 20th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.115 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Friday, August 21st. This is a 68.1% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.07.

First Trust Multi-Asset Diversified Income Index Fund Stock Down 0.7%

NASDAQ MDIV opened at $16.80 on Friday. The stock has a market capitalization of $429.24 million, a P/E ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a 52-week low of $15.52 and a 52-week high of $17.02. The firm has a 50-day moving average price of $16.72 and a 200 day moving average price of $16.57.

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.