First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Plans Dividend Increase – $0.04 Per Share

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) announced a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Shareholders 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 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 Down 0.9 %

Shares of NASDAQ:DVLU traded down $0.25 during trading on Thursday, hitting $28.75. 122 shares of the company were exchanged, compared to its average volume of 4,100. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $27.19 and a 1-year high of $33.06. The company has a market capitalization of $28.75 million, a P/E ratio of 14.12 and a beta of 1.18. The business’s 50 day moving average is $29.83 and its 200-day moving average is $30.41.

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.