First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Announces Monthly Dividend of $0.16

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV – Get Free Report) declared a monthly dividend on Wednesday, June 24th. Investors of record on Thursday, June 25th will be paid a dividend of 0.1588 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 20.2% increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.13.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of NASDAQ MDIV opened at $16.54 on Thursday. First Trust Multi-Asset Diversified Income Index Fund has a 1 year low of $15.52 and a 1 year high of $16.81. The firm has a 50-day moving average of $16.57 and a 200 day moving average of $16.32. The stock has a market cap of $410.19 million, a P/E ratio of 14.11 and a beta of 0.54.

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First Trust Multi-Asset Diversified Income Index Fund Company Profile

(Get Free Report)

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.

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