First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to Issue Quarterly Dividend of $0.10 on June 30th

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.0989 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 25th. This is a 238.7% increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

NASDAQ:DVOL opened at $36.74 on Friday. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1-year low of $33.60 and a 1-year high of $37.50. The company has a 50-day moving average of $36.36 and a 200 day moving average of $35.92. The firm has a market cap of $73.48 million, a PE ratio of 24.91 and a beta of 0.76.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.