First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) to Issue Dividend Increase – $0.53 Per Share

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.5259 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 24th. This is a 55.2% increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.34.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

FTA stock traded down $1.01 on Thursday, reaching $97.25. The company had a trading volume of 1,731 shares, compared to its average volume of 34,299. The company has a market cap of $1.34 billion, a P/E ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $81.12 and a 1 year high of $104.95. The company’s fifty day moving average is $101.70 and its 200 day moving average is $97.05.

First Trust Large Cap Value AlphaDEX Fund Company Profile

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.