First Trust Value Line Dividend Fund Declares Regular Quarterly Income Dividend of 9 Cents Per Share.Business Editors LISLE, Ill.--(BUSINESS WIRE)--May 20, 2004 First Trust Value Line(R) Dividend Fund (the "Fund") (AMEX AMEX See: American Stock Exchange :FVD FVD Floating Vehicle Data (position location of moving vehicle for purposes of measuring traffic flow) FVD Family Violence Department FVD Fluid Volume Deficit FVD Forward Versatile Disk FVD Forward Video Disc FVD Forward Versatile Disc ) has declared its regular quarterly distribution of $0.09 per share. Based on the Fund's net asset value of $15.48 and the closing market price of $13.15 on May 19, 2004, respectively, the Fund's regular dividend equates to an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. distribution rate of 2.33% at NAV See navigation system and navigation bar. and 2.74% at market. The dividend will be payable on June 15, 2004 to shareholders of record on June 3, 2004, with an ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. of June 1, 2004. The Fund is a newly organized closed-end fund designed to provide total return through a combination of current income and capital appreciation. The Fund seeks to accomplish this objective through a disciplined investment strategy derived from Value Line's(R) Safety(TM) Ranking System, which emphasizes its #1 and #2 stocks ranked for Safety(TM). The Fund's daily closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-621-1675. |
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