First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Announces Monthly Dividend of $0.14

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be given a dividend of 0.1425 per share on Monday, March 31st. This represents a $1.71 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 7.5% increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB stock traded down $0.13 during mid-day trading on Thursday, hitting $26.94. 25,640 shares of the stock were exchanged, compared to its average volume of 62,737. The stock’s fifty day simple moving average is $26.89 and its two-hundred day simple moving average is $27.21. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.60 and a 12-month high of $29.35.

About First Trust Emerging Markets Local Currency Bond ETF

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies.