First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Increases Dividend to $0.04 Per Share

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) announced a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be paid a dividend of 0.0449 per share on Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 4.2% increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.04.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of DVLU stock traded down $0.25 during mid-day trading on Thursday, hitting $28.75. 122 shares of the stock were exchanged, compared to its average volume of 4,100. The stock’s fifty day simple moving average is $29.83 and its two-hundred day simple moving average is $30.41. First Trust Dorsey Wright Momentum & Value ETF has a 12-month low of $27.19 and a 12-month high of $33.06. The stock has a market capitalization of $28.75 million, a price-to-earnings ratio of 14.12 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.