First Trust Active Dividend Income Fund (FAV) Lowers Quarterly Dividend 17.9% to $0.23; 8.5% Yield
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First Trust Active Dividend Income Fund (NYSE: FAV) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. This is a 17.9% decrease from the prior dividend of $0.28.
The dividend will be payable on July 29, 2011, to stockholders of record on July 25, 2011, with an ex-dividend date of July 21, 2011.
The annual yield on the dividend is 8.5 percent.
The dividend will be payable on July 29, 2011, to stockholders of record on July 25, 2011, with an ex-dividend date of July 21, 2011.
The annual yield on the dividend is 8.5 percent.
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