First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS) to Issue Monthly Dividend of $0.22 on January 31st

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) announced a monthly dividend on Tuesday, January 21st,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 22nd will be paid a dividend of 0.215 per share on Friday, January 31st. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Wednesday, January 22nd. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.6 %

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.51 on Thursday. The business has a 50 day moving average of $41.61 and a 200-day moving average of $41.56. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.12 and a 1 year high of $42.55.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.