First Trust California Municipal High Income ETF (NASDAQ:FCAL) Plans Dividend Increase – $0.13 Per Share

First Trust California Municipal High Income ETF (NASDAQ:FCAL) declared a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Tuesday, October 22nd will be paid a dividend of 0.1275 per share by the financial services provider on Thursday, October 31st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Tuesday, October 22nd. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13.

First Trust California Municipal High Income ETF Stock Down 0.5 %

Shares of FCAL traded down $0.27 during trading on Tuesday, reaching $49.74. The company’s stock had a trading volume of 20,149 shares, compared to its average volume of 24,365. The company has a market cap of $258.65 million, a price-to-earnings ratio of 131.61 and a beta of 0.15. First Trust California Municipal High Income ETF has a twelve month low of $46.30 and a twelve month high of $51.97. The company has a fifty day moving average of $50.13 and a two-hundred day moving average of $49.70.

About First Trust California Municipal High Income ETF

First California Financial Group, Inc is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California.