First Trust/Abrdn Global Opportunity Income Fund Plans Monthly Dividend of $0.05 (NYSE:FAM)

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM – Get Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Thursday, February 2nd will be paid a dividend of 0.045 per share by the financial services provider on Wednesday, February 15th. This represents a $0.54 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend is Wednesday, February 1st.

First Trust/Abrdn Global Opportunity Income Fund has decreased its dividend by an average of 9.5% per year over the last three years.

First Trust/Abrdn Global Opportunity Income Fund Stock Down 0.2 %

Shares of FAM stock opened at $6.20 on Wednesday. The stock has a 50-day moving average of $5.95 and a 200-day moving average of $5.90. First Trust/Abrdn Global Opportunity Income Fund has a one year low of $5.23 and a one year high of $9.45.

Institutional Investors Weigh In On First Trust/Abrdn Global Opportunity Income Fund

Several large investors have recently bought and sold shares of the company. Advisory Services Network LLC grew its holdings in shares of First Trust/Abrdn Global Opportunity Income Fund by 21.9% in the 1st quarter. Advisory Services Network LLC now owns 16,607 shares of the financial services provider’s stock valued at $124,000 after buying an additional 2,985 shares during the period. Bank of America Corp DE lifted its holdings in First Trust/Abrdn Global Opportunity Income Fund by 25.8% during the first quarter. Bank of America Corp DE now owns 18,637 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,817 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust/Abrdn Global Opportunity Income Fund by 23.2% in the first quarter. Cetera Investment Advisers now owns 23,622 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 4,446 shares during the period. NewEdge Advisors LLC increased its holdings in shares of First Trust/Abrdn Global Opportunity Income Fund by 12.8% in the first quarter. NewEdge Advisors LLC now owns 168,109 shares of the financial services provider’s stock worth $1,256,000 after acquiring an additional 19,100 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 3.2% during the second quarter. LPL Financial LLC now owns 428,753 shares of the financial services provider’s stock worth $2,594,000 after purchasing an additional 13,158 shares during the period.

About First Trust/Abrdn Global Opportunity Income Fund

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First Trust/Abrdn 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.