First Trust High Yield Opportunities 2027 Term Fund Plans Monthly Dividend of $0.13 (NYSE:FTHY)

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 0.125 per share on Friday, April 25th. This represents a $1.50 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date of this dividend is Tuesday, April 1st.

First Trust High Yield Opportunities 2027 Term Fund has raised its dividend by an average of 5.5% per year over the last three years.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

FTHY stock traded up $0.03 during midday trading on Friday, reaching $14.41. The company had a trading volume of 52,292 shares, compared to its average volume of 104,108. First Trust High Yield Opportunities 2027 Term Fund has a 1 year low of $13.80 and a 1 year high of $15.13. The firm has a 50-day moving average price of $14.55 and a 200-day moving average price of $14.67.

Insider Activity at First Trust High Yield Opportunities 2027 Term Fund

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $14.46 per share, for a total transaction of $433,800.00. Following the purchase, the insider now directly owns 169,500 shares in the company, valued at $2,450,970. The trade was a 21.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.