First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Announces Dividend Increase - $0.25 Per Share

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) declared a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors 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 dividend yield of 1.74%. The ex-dividend date 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 Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.51 during trading on Monday, reaching $58.54. 816,080 shares of the company's stock were exchanged, compared to its average volume of 773,642. The company's 50-day moving average is $60.92 and its two-hundred day moving average is $60.72. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.78 and a 52-week high of $64.63. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

About First Trust NASDAQ Rising Dividend Achievers

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.