First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Increases Dividend to $0.47 Per Share

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be given a dividend of 0.4655 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, September 24th. This is a 56.2% increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.30.

First Trust Small Cap Value AlphaDEX Fund Price Performance

NASDAQ FYT traded down $0.40 during trading hours on Thursday, hitting $68.00. The company had a trading volume of 669 shares, compared to its average volume of 17,202. The firm’s 50 day moving average is $71.70 and its 200 day moving average is $67.70. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $52.47 and a fifty-two week high of $73.77. The company has a market capitalization of $183.61 million, a price-to-earnings ratio of 10.91 and a beta of 0.97.

About First Trust Small Cap Value AlphaDEX Fund

The First Trust Small Cap Value AlphaDEX Fund (FYT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Value index. The fund tracks an index of securities pulled from the NASDAQ US 700 Small Cap Index that are rescreened and weighted based on a tiered process. FYT was launched on Apr 18, 2011 and is managed by First Trust.