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) declared a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.10 per share by the closed-end fund on Monday, December 2nd. This represents a $0.40 dividend on an annualized basis and a 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 Price Performance

Shares of First Trust Specialty Finance and Financial Opportunities Fund stock traded up $0.02 during trading hours on Wednesday, hitting $4.18. The company’s stock had a trading volume of 28,606 shares, compared to its average volume of 53,465. First Trust Specialty Finance and Financial Opportunities Fund has a 1-year low of $3.26 and a 1-year high of $4.21. The business has a fifty day moving average of $4.08 and a 200 day moving average of $3.95.

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.