First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Increases Dividend to $0.28 Per Share

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.2757 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 64.5% increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.17.

First Trust Mid Cap Value AlphaDEX Fund Trading Down 0.6%

NASDAQ FNK opened at $60.51 on Thursday. The firm’s fifty day simple moving average is $63.71 and its two-hundred day simple moving average is $60.77. The firm has a market capitalization of $217.84 million, a P/E ratio of 10.44 and a beta of 0.96. First Trust Mid Cap Value AlphaDEX Fund has a 12-month low of $51.98 and a 12-month high of $65.14.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.