First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Declares Dividend Increase – $0.04 Per Share

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) declared a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.0449 per share on Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 4.2% increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.04.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ DVLU opened at $28.75 on Friday. The company has a market cap of $28.75 million, a P/E ratio of 14.12 and a beta of 1.18. First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $27.19 and a 52-week high of $33.06. The firm’s fifty day moving average is $29.80 and its two-hundred day moving average is $30.40.

About First Trust Dorsey Wright Momentum & Value ETF

The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.