First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Plans Monthly Dividend of $0.07

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Monday, July 20th. Investors of record on Tuesday, July 21st will be given a dividend of 0.0684 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, July 21st.

First Trust Multi-Asset Diversified Income Index Fund Trading Down 0.3%

NASDAQ MDIV opened at $16.83 on Tuesday. First Trust Multi-Asset Diversified Income Index Fund has a 1 year low of $15.52 and a 1 year high of $17.00. The company has a fifty day simple moving average of $16.61 and a 200 day simple moving average of $16.43. The company has a market cap of $429.16 million, a P/E ratio of 14.11 and a beta of 0.54.

About First Trust Multi-Asset Diversified Income Index Fund

The Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF. MDIV was launched on Aug 14, 2012 and is managed by First Trust.