First Trust Morningstar Managed Futures Strategy Fund (NYSEARCA:FMF) Announces Dividend Increase – $0.69 Per Share

First Trust Morningstar Managed Futures Strategy Fund (NYSEARCA:FMF) announced a quarterly dividend on Tuesday, December 18th, Wall Street Journal reports. Shareholders of record on Wednesday, December 19th will be paid a dividend of 0.6876 per share on Monday, December 31st. This represents a $2.75 annualized dividend and a yield of 6.09%. The ex-dividend date is Tuesday, December 18th. This is a positive change from First Trust Morningstar Managed Futures Strategy Fund’s previous quarterly dividend of $0.02.

FMF traded up $0.18 on Thursday, hitting $45.14. 1,206 shares of the company’s stock were exchanged, compared to its average volume of 629. First Trust Morningstar Managed Futures Strategy Fund has a fifty-two week low of $44.96 and a fifty-two week high of $51.53.

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