First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Increases Dividend to $0.09 Per Share

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) declared a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be paid a dividend of 0.0869 per share on Monday, March 31st. This represents a $0.35 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 277.8% increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.02.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Down 0.3 %

DVOL traded down $0.11 during midday trading on Thursday, hitting $35.45. 1,353 shares of the company were exchanged, compared to its average volume of 4,331. The company’s 50 day simple moving average is $35.29 and its 200 day simple moving average is $34.64. The firm has a market capitalization of $58.49 million, a price-to-earnings ratio of 23.87 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1-year low of $29.05 and a 1-year high of $36.62.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility.