First Trust Dividend Strength ETF (NASDAQ:FTDS) Increases Dividend to $0.31 Per Share

First Trust Dividend Strength ETF (NASDAQ:FTDS) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.3094 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 24th. This is a 60.5% increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.19.

First Trust Dividend Strength ETF Stock Performance

First Trust Dividend Strength ETF stock opened at $63.31 on Thursday. The stock has a market capitalization of $37.99 million, a price-to-earnings ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a 52-week low of $53.43 and a 52-week high of $67.24. The stock’s 50 day moving average price is $65.24 and its two-hundred day moving average price is $62.25.

About First Trust Dividend Strength ETF

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.