Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Raises Dividend to $0.35 Per Share

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) announced a quarterly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.3537 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 30th. This is a 2.9% increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.34.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Performance

Shares of Franklin U.S. Low Volatility High Dividend Index ETF stock opened at $40.44 on Tuesday. The firm has a fifty day simple moving average of $40.35 and a 200-day simple moving average of $40.56. The stock has a market capitalization of $588.40 million, a price-to-earnings ratio of 16.71 and a beta of 0.68. Franklin U.S. Low Volatility High Dividend Index ETF has a 1-year low of $36.67 and a 1-year high of $41.60.

About Franklin U.S. Low Volatility High Dividend Index ETF

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.