Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Increases Dividend to $0.21 Per Share

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) announced a monthly dividend on Wednesday, October 30th, NASDAQ reports. Shareholders of record on Wednesday, October 30th will be paid a dividend of 0.211 per share on Friday, November 1st. This represents a $2.53 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Wednesday, October 30th. This is a boost from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.18.

Fidelity Low Duration Bond ETF Stock Down 0.5 %

Shares of Fidelity Low Duration Bond ETF stock traded down $0.27 during trading on Wednesday, reaching $50.39. 85 shares of the company were exchanged, compared to its average volume of 386. The business has a 50-day moving average price of $50.51 and a 200-day moving average price of $50.37. Fidelity Low Duration Bond ETF has a twelve month low of $49.98 and a twelve month high of $50.66.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less.