First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Declares Dividend Increase – $0.31 Per Share

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) declared a quarterly dividend on Wednesday, September 25th, NASDAQ reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.3051 per share on Monday, September 30th. This represents a $1.22 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, September 26th. This is a positive change from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

FNY traded up $0.25 on Thursday, reaching $79.07. The company had a trading volume of 6,552 shares, compared to its average volume of 15,639. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $55.33 and a 52-week high of $79.84. The company has a market cap of $355.82 million, a price-to-earnings ratio of 17.61 and a beta of 1.13. The business has a 50 day simple moving average of $75.90 and a 200 day simple moving average of $74.25.

About First Trust Mid Cap Growth AlphaDEX Fund

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund tracks a tiered equal-weighted index of mid-cap growth stocks selected by AlphaDex selection methodology from the S&P 400 Index. FNY was launched on Apr 18, 2011 and is managed by First Trust.