First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Shareholders to Get $0.08 Monthly Dividend

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.0772 per share on Friday, October 30th. This represents a $0.93 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 21st. This is a 19.6% decrease from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.0960.

First Trust Multi-Asset Diversified Income Index Fund Trading Down 0.6%

Shares of NASDAQ:MDIV traded down $0.10 on Wednesday, reaching $15.97. 18,169 shares of the company were exchanged, compared to its average volume of 66,884. First Trust Multi-Asset Diversified Income Index Fund has a 1-year low of $15.52 and a 1-year high of $17.02. The firm has a market cap of $411.23 million, a price-to-earnings ratio of 14.11 and a beta of 0.55. The company has a 50-day moving average of $16.40 and a 200-day moving average of $16.53.

About First Trust Multi-Asset Diversified Income Index Fund

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.