First Trust S&P REIT Index Fund Announces Quarterly Dividend of $0.1954 per Share
The First Trust S&P REIT Index Fund (FRI) has declared a quarterly dividend of $0.1954 per share, representing a forward yield of approximately 2.6%. The payment is scheduled for September 30 to shareholders on record as of September 24, with the ex-dividend date also set for September 24. The announcement comes amid mixed performance in real estate stocks during August, influenced by rising expectations around potential rate hikes. While FRI maintains a consistent dividend payout, some REITs like CBRE and BXP experienced losses, while others such as Host Hotels & Resorts saw gains.
