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

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be paid 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 is Friday, November 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 Stock Performance

NYSE:FGB traded up $0.02 during trading hours on Wednesday, reaching $4.18. The company had a trading volume of 28,606 shares, compared to its average volume of 53,465. The stock has a 50-day moving average of $4.08 and a two-hundred day moving average of $3.95. First Trust Specialty Finance and Financial Opportunities Fund has a one year low of $3.26 and a one year high of $4.21.

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.