First Trust Active Dividend Income Fund (FAV) Lowers Quarterly Dividend 21.7% to $0.18; 8.4% Yield

First Trust Active Dividend Income Fund (NYSE: FAV) declared a quarterly dividend of $0.18 per share, or $0.72 annualized. This is a 21.7% decrease from the prior dividend of $0.23.

The dividend will be payable on January 31, 2012, to stockholders of record on January 24, 2012, with an ex-dividend date of January 20, 2012.

The annual yield on the dividend is 8.4 percent.

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