First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) to Issue Dividend Increase – $0.14 Per Share

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) announced a monthly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.1425 per share on Monday, March 31st. This represents a $1.71 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 7.5% increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB stock traded down $0.13 on Thursday, reaching $26.94. 25,640 shares of the stock were exchanged, compared to its average volume of 62,737. The business’s 50 day moving average price is $26.89 and its 200 day moving average price is $27.21. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $25.60 and a twelve month high of $29.35.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies.