First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) to Issue Dividend Increase – $0.23 Per Share

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) declared a monthly dividend on Thursday, May 29th, NASDAQ Dividends reports. Investors of record on Friday, May 30th will be paid a dividend of 0.2275 per share on Tuesday, June 3rd. This represents a $2.73 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, May 30th. This is a 6.8% increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM opened at $59.80 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.56 and a fifty-two week high of $60.16. The business has a fifty day moving average of $59.90 and a 200-day moving average of $59.89.

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.