First Trust Managed Municipal ETF (FMB) to Issue Monthly Dividend of $0.12
First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Wednesday, April 24th will be given a dividend of 0.1175 per share on Tuesday, April 30th. This represents a $1.41 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, April 23rd.
First Trust Managed Municipal ETF has decreased its dividend payment by an average of 5.3% per year over the last three years.
NASDAQ:FMB traded up $0.06 during trading hours on Tuesday, hitting $53.74. 92,569 shares of the company’s stock traded hands, compared to its average volume of 104,828. First Trust Managed Municipal ETF has a twelve month low of $51.51 and a twelve month high of $53.92.
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Further Reading: Fiduciary
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