First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading 5.4% Higher After Dividend Announcement

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) traded up 5.4% during trading on Thursday following a dividend announcement from the company. The company traded as high as $37.61 and last traded at $37.39, 25,900 shares traded hands during trading. An increase of 215% from the average session volume of 8,220 shares. The stock had previously closed at $35.49.

The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th will be given a $0.136 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.52%.

The business has a 50-day moving average price of $47.26 and a 200 day moving average price of $53.47.

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