First Trust/Aberdeen Global Opportunity (NYSE:FAM) to Issue Monthly Dividend of $0.08

First Trust/Aberdeen Global Opportunity (NYSE:FAM) declared a monthly dividend on Monday, June 22nd, Zacks reports. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.08 per share by the financial services provider on Wednesday, July 15th. This represents a $0.96 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date of this dividend is Wednesday, July 1st.

First Trust/Aberdeen Global Opportunity has raised its dividend by an average of 8.0% annually over the last three years.

FAM stock opened at $9.79 on Tuesday. The business’s fifty day moving average is $9.64 and its 200-day moving average is $10.22. First Trust/Aberdeen Global Opportunity has a twelve month low of $7.68 and a twelve month high of $11.63.

About First Trust/Aberdeen Global Opportunity

First Trust/Aberdeen Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.

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Dividend History for First Trust/Aberdeen Global Opportunity (NYSE:FAM)

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