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

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) announced a quarterly dividend on Tuesday, August 13th, Wall Street Journal reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.10 per share by the closed-end fund on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date of this dividend is Thursday, August 22nd.

First Trust Specialty Finance and Financial Opportunities Fund has decreased its dividend by an average of 8.8% annually over the last three years.

First Trust Specialty Finance and Financial Opportunities Fund Trading Up 0.5 %

NYSE FGB traded up $0.02 on Tuesday, reaching $3.89. 20,229 shares of the stock traded hands, compared to its average volume of 50,963. The company has a fifty day moving average price of $3.91 and a 200-day moving average price of $3.76. First Trust Specialty Finance and Financial Opportunities Fund has a 12 month low of $2.98 and a 12 month high of $4.10.

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.