Emerging Markets Equity Select ETF (NASDAQ:RNEM) to Issue Quarterly Dividend of $0.63

Emerging Markets Equity Select ETF (NASDAQ:RNEM) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.6346 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Thursday, September 24th. This is a 82.3% increase from Emerging Markets Equity Select ETF’s previous quarterly dividend of $0.35.

Emerging Markets Equity Select ETF Stock Down 1.3%

Shares of Emerging Markets Equity Select ETF stock traded down $0.73 during trading hours on Thursday, reaching $55.52. 65,538 shares of the stock traded hands, compared to its average volume of 1,528. The company has a 50 day moving average price of $56.70 and a 200 day moving average price of $55.80. The firm has a market capitalization of $16.66 million, a price-to-earnings ratio of 15.10 and a beta of 0.44. Emerging Markets Equity Select ETF has a one year low of $46.90 and a one year high of $59.01.

About Emerging Markets Equity Select ETF

The First Trust Emerging Markets Equity Select ETF (RNEM) is an exchange-traded fund that is based on the Nasdaq Riskalyze Emerging Markets index. The fund tracks a tier-weighted index of emerging-market stocks selected for low volatility. RNEM was launched on Jun 20, 2017 and is managed by First Trust.