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

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) announced a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.10 per share by the closed-end fund on Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 9.00%. The ex-dividend date is Monday, February 24th.

First Trust Specialty Finance and Financial Opportunities Fund has raised its dividend by an average of 8.2% per year over the last three years.

First Trust Specialty Finance and Financial Opportunities Fund Trading Up 0.1 %

FGB traded up $0.01 on Tuesday, hitting $4.45. The company had a trading volume of 27,329 shares, compared to its average volume of 36,123. The business’s fifty day simple moving average is $4.31 and its 200 day simple moving average is $4.14. First Trust Specialty Finance and Financial Opportunities Fund has a 12-month low of $3.39 and a 12-month high of $4.53.

About First Trust Specialty Finance and Financial Opportunities Fund

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.