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, February 11th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.10 per share by the closed-end fund on Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date of this dividend is Monday, February 24th.

First Trust Specialty Finance and Financial Opportunities Fund has increased its dividend payment 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 %

NYSE:FGB traded up $0.01 during trading hours on Tuesday, reaching $4.45. 27,329 shares of the stock were exchanged, compared to its average volume of 36,123. The firm has a 50 day simple moving average of $4.31 and a 200-day simple moving average of $4.14. First Trust Specialty Finance and Financial Opportunities Fund has a 52 week low of $3.39 and a 52 week high of $4.53.

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.