Angel Oak Financial Strategies Income Term Trust Plans Monthly Dividend of $0.12 (NYSE:FINS)

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.115 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Friday, February 13th.

Angel Oak Financial Strategies Income Term Trust Price Performance

FINS stock traded down $0.03 during mid-day trading on Tuesday, reaching $13.24. 921 shares of the stock traded hands, compared to its average volume of 56,745. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $12.21 and a 52-week high of $13.64. The stock’s fifty day moving average is $13.17 and its 200-day moving average is $13.14.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.