First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Plans Dividend Increase – $0.25 Per Share

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) declared a monthly dividend on Tuesday, July 30th, NASDAQ reports. Stockholders of record on Wednesday, July 31st will be given a dividend of 0.247 per share on Friday, August 2nd. This represents a $2.96 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Wednesday, July 31st. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.25.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.04 on Wednesday, reaching $59.72. 619,975 shares of the company were exchanged, compared to its average volume of 812,744. First Trust Enhanced Short Maturity ETF has a one year low of $59.41 and a one year high of $59.95. The company has a 50-day moving average of $59.75 and a 200 day moving average of $59.74.

About First Trust Enhanced Short Maturity ETF

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.