First Trust Institutional Preferred Securities and Income ETF (FPEI) Raises Dividend to $0.09 Per Share

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) declared a monthly dividend on Tuesday, May 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 23rd will be paid a dividend of 0.0879 per share on Thursday, May 31st. This represents a $1.05 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Tuesday, May 22nd. This is an increase from First Trust Institutional Preferred Securities and Income ETF’s previous monthly dividend of $0.09.

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.33 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $19.38 and a 12 month high of $21.03.

Dividend History for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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