FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF Declares $0.3447 Monthly Dividend
The FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF (KNG) has declared a monthly dividend of $0.3447 per share, resulting in an annualized forward yield of 8.52%. The dividend will be payable on September 30 to shareholders of record as of September 24, with the ex-dividend date also set for September 24. The ETF is designed to target income by investing primarily in S&P 500 Dividend Aristocrats—companies that have consistently increased dividends over time. However, recent analyses suggest its performance may be hurt due to a light exposure to technology stocks amid low market volatility and the ongoing AI-driven economic shift. Market observers note KNG's defensive nature but caution it could underperform in an environment where tech-led growth is dominant.
Tickers: $KNG
Topics: Dividend Aristocrats ETF Monthly Dividend