The First Trust Low Duration Strategic Focus ETF (NASDAQ: LDSF) has announced a monthly dividend of $0.07 per share, to be distributed on November 28, 2023. This decision was communicated to shareholders on November 20, 2023, with the record date for eligible shareholders set for November 21, 2023.
The anticipated dividend translates to an annualized yield of 4.6%. The ex-dividend date, which marks the cutoff for receiving this payment, is also November 21, 2023.
Price Performance
As of the announcement, shares of the First Trust Low Duration Strategic Focus ETF opened at $19.11. Over the past year, the stock has experienced fluctuations, reaching a 52-week low of $18.56 and a high of $19.29. Additionally, the ETF has a 50-day moving average price of $19.15 and a 200-day moving average price of $19.03, indicating a relatively stable price range in recent months.
Investors often look to dividends as a crucial factor in evaluating the performance and attractiveness of an ETF. The upcoming payment reflects the fund’s continued commitment to providing returns to its shareholders, despite the varying market conditions.
For individuals interested in updates and insights about the First Trust Low Duration Strategic Focus ETF, resources such as MarketBeat.com offer daily summaries of news and analysts’ ratings.
