First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Plans Dividend Increase – $0.25 Per Share

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) declared a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.2544 per share on Monday, March 31st. This represents a $1.02 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 33.1% increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.7 %

Shares of RDVY stock traded down $0.43 on Thursday, hitting $59.23. The stock had a trading volume of 842,874 shares, compared to its average volume of 770,497. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The business has a 50 day moving average price of $61.13 and a 200 day moving average price of $60.64. The company has a market cap of $12.92 billion, a PE ratio of 14.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Company Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.