First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Tuesday, May 21st, Wall Street Journal reports. Investors of record on Wednesday, May 22nd will be given a dividend of 0.1175 per share on Friday, May 31st. This represents a $1.41 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 21st.
First Trust Managed Municipal ETF has decreased its dividend payment by an average of 5.3% per year over the last three years.
First Trust Managed Municipal ETF stock traded down $0.11 during midday trading on Tuesday, hitting $54.33. 95,874 shares of the company’s stock were exchanged, compared to its average volume of 106,175. First Trust Managed Municipal ETF has a 52-week low of $51.51 and a 52-week high of $54.61.
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