First Trust Short Duration Managed Municipal ETF Raises Dividend by 2.1%
Dividend Announcement from First Trust Short Duration Managed Municipal ETF
The First Trust Short Duration Managed Municipal ETF (FSMB) has officially declared its monthly dividend of $0.049 per share, a solid 2.1% increase from the last dividend of $0.048. This rise translates to a forward yield of 2.95%, positioning the ETF favorably in the current market.
Implications of the Dividend Increase
This elevated dividend demonstrates the fund's effective management strategies and fiscal soundness, assuring investors of its growing profitability. Furthermore, this increment is likely to inspire confidence among current and prospective investors looking for stable income streams.
- Dividend Amount: $0.049/share
- Previous Dividend: $0.048/share
- Forward Yield: 2.95%
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.