First Trust/Abrdn Global Opportunity Income Fund Declares Monthly Dividend of $0.06 (NYSE:FAM)

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Thursday, May 2nd will be given a dividend of 0.06 per share by the financial services provider on Wednesday, May 15th. This represents a $0.72 annualized dividend and a yield of 11.23%. The ex-dividend date is Wednesday, May 1st.

First Trust/Abrdn Global Opportunity Income Fund has decreased its dividend payment by an average of 11.7% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

First Trust/Abrdn Global Opportunity Income Fund Price Performance

Shares of FAM stock opened at $6.41 on Wednesday. The firm has a 50-day moving average price of $6.43 and a 200 day moving average price of $6.13. First Trust/Abrdn Global Opportunity Income Fund has a twelve month low of $5.38 and a twelve month high of $6.67.

About First Trust/Abrdn Global Opportunity Income Fund

First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.