MDIV is First Trust's Multi-Asset Diversified Income Index Fund (Aggressive Allocation). Trading at $16.75. Current dividend yield: 6.83%.
Dividend snapshot
| Annual dividend rate | $1.14 |
| Current yield | 6.83% |
| Payment frequency | Monthly |
| Next ex-dividend date | Sep 21, 2026(in 14 days) |
| Most recent payment date | Aug 31, 2026 |
| Last payment amount | $0.1150 |
| 5-year dividend CAGR | 2.56% |
| 3-year dividend CAGR | 0.66% |
| Expense ratio | 0.71% |
| Payout ratio | 0% |
| Market cap | $417M |
| Exchange | NGM |
Recent dividend payments
| Date | Amount / share |
|---|---|
| 2026-08-21 | $0.1150 |
| 2026-07-21 | $0.0684 |
| 2026-06-25 | $0.1588 |
| 2026-05-21 | $0.1321 |
| 2026-04-21 | $0.0520 |
| 2026-03-26 | $0.1340 |
| 2026-02-20 | $0.0772 |
| 2026-01-21 | $0.0601 |
About MDIV
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and/or depositary receipts, REITs, preferred securities, MLPs and ETF that comprise the index. The index is designed to provide exposure to five asset segments, each selected to result in a consistent and high yield for the index. These five asset segments are: equity securities, REITs, preferred securities, MLPs and high yield corporate bonds.
Frequently asked
What is MDIV's dividend yield?
MDIV (Multi-Asset Diversified Income Index Fund) currently has a dividend yield of 6.83%, which works out to about $1.14 in annual dividend payments per share.
When is MDIV's next ex-dividend date?
MDIV's next ex-dividend date is Sep 21, 2026 (in 14 days). To receive the upcoming dividend, you must own shares before this date.
When did MDIV last pay a dividend?
MDIV's most recent dividend payment date was Aug 31, 2026.
How often does MDIV pay dividends?
MDIV pays dividends on a monthly schedule.
How fast is MDIV growing its dividend?
MDIV has been growing its dividend at a 0.66% 3-year compound annual growth rate (CAGR). CAGR smooths year-to-year noise into a single average growth rate.
Track MDIV in DiviDrip
Add MDIV to your portfolio on DiviDrip to track every buy, DRIP reinvestment, and dividend payment in one place. Free, no credit card, no upsell — built by dividend investors, for dividend investors.
- Open DiviDrip — search MDIV and add your shares.
- View the MDIV Dividend Triangle — see Revenue × EPS × Dividend growth at a glance.
- Stock Screener — find more dividend payers like MDIV.
- DiviDrip Learn — free guides on DRIP, dividend tiers, ETF comparisons.
Data refreshed 2026-09-07. Not investment advice. Yields and prices change continuously; always verify the latest numbers in the live app before buying.