First Trust Specialty Finance and Financial Opportunities Fund Declares Quarterly Dividend of $0.10 (NYSE:FGB)

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.10 per share by the closed-end fund on Monday, December 2nd. This represents a $0.40 annualized dividend and a dividend yield of 9.57%. The ex-dividend date of this dividend is Friday, November 22nd.

First Trust Specialty Finance and Financial Opportunities Fund has decreased its dividend payment by an average of 8.8% annually over the last three years.

First Trust Specialty Finance and Financial Opportunities Fund Trading Up 0.5 %

Shares of NYSE FGB traded up $0.02 during trading hours on Wednesday, hitting $4.18. The stock had a trading volume of 28,606 shares, compared to its average volume of 53,465. The firm’s 50-day moving average price is $4.08 and its two-hundred day moving average price is $3.95. First Trust Specialty Finance and Financial Opportunities Fund has a 52 week low of $3.26 and a 52 week high of $4.21.

First Trust Specialty Finance and Financial Opportunities Fund Company Profile

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors.