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

First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) announced a monthly dividend on Monday, November 22nd, Zacks reports. Investors of record on Thursday, December 2nd will be paid a dividend of 0.075 per share by the financial services provider on Wednesday, December 15th. This represents a $0.90 annualized dividend and a yield of 9.05%. The ex-dividend date of this dividend is Wednesday, December 1st.

First Trust/Aberdeen Global Opportunity Income Fund has raised its dividend payment by 6.7% over the last three years.

FAM traded down $0.07 on Wednesday, hitting $9.95. 100 shares of the company’s stock traded hands, compared to its average volume of 54,589. The firm has a 50 day simple moving average of $10.09. First Trust/Aberdeen Global Opportunity Income Fund has a one year low of $9.74 and a one year high of $10.89.

An institutional investor recently raised its position in First Trust/Aberdeen Global Opportunity Income Fund stock. Morgan Stanley grew its position in First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,164 shares of the financial services provider’s stock after acquiring an additional 1,726 shares during the quarter. Morgan Stanley’s holdings in First Trust/Aberdeen Global Opportunity Income Fund were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

First Trust/Aberdeen Global Opportunity Income Fund Company Profile

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 Income Fund (NYSE:FAM)

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