First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) to Issue Quarterly Dividend of $0.16

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) announced a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.1576 per share on Monday, March 31st. This represents a $0.63 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 14.0% increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of NASDAQ SDVY traded down $0.32 during midday trading on Thursday, reaching $34.00. The company’s stock had a trading volume of 2,173,972 shares, compared to its average volume of 1,376,112. The stock has a market capitalization of $7.58 billion, a P/E ratio of 13.44 and a beta of 1.18. The firm has a 50 day moving average price of $35.77 and a 200-day moving average price of $36.54. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $32.22 and a 12-month high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.