First Trust Institutional Preferred Securities and Income ETF sets a $0.0948 payout for shareholders of record by July 21.
The payout is payable on July 31 to shareholders of record as of July 21, with an ex-dividend date also set for July 21
The ETF reported a 30-day SEC yield of 5.22% as of June 30. The distribution reflects the fund’s focus on income-generating preferred securities and institutional fixed-income assets.
No immediate market reaction was disclosed following the announcement.