First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Announces Dividend Increase – $0.11 Per Share

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) announced a quarterly dividend on Friday, December 13th, Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.1074 per share on Tuesday, December 31st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02.

First Trust Mid Cap Growth AlphaDEX Fund has increased its dividend by an average of 0.3% per year over the last three years.

Shares of NASDAQ:FNY traded down $0.04 during midday trading on Friday, reaching $47.16. 20,825 shares of the company’s stock were exchanged, compared to its average volume of 40,016. The firm’s 50 day simple moving average is $46.70 and its two-hundred day simple moving average is $45.74. First Trust Mid Cap Growth AlphaDEX Fund has a fifty-two week low of $33.36 and a fifty-two week high of $48.27.

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