First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Plans Dividend Increase – $0.31 Per Share

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) announced a quarterly dividend on Wednesday, September 25th, NASDAQ reports. Stockholders of record on Thursday, September 26th will be paid a dividend of 0.3051 per share on Monday, September 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 26th. This is a positive change from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

Shares of First Trust Mid Cap Growth AlphaDEX Fund stock opened at $79.07 on Friday. First Trust Mid Cap Growth AlphaDEX Fund has a 1 year low of $55.33 and a 1 year high of $79.84. The firm has a market cap of $355.82 million, a price-to-earnings ratio of 17.61 and a beta of 1.13. The company has a 50-day moving average of $75.97 and a 200 day moving average of $74.28.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund tracks a tiered equal-weighted index of mid-cap growth stocks selected by AlphaDex selection methodology from the S&P 400 Index. FNY was launched on Apr 18, 2011 and is managed by First Trust.