First Trust High Yield Opportunities 2027 Term Fund (FTHY) to Issue Monthly Dividend of $0.13 on April 25th

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.125 per share on Friday, April 25th. This represents a $1.50 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date is Tuesday, April 1st.

First Trust High Yield Opportunities 2027 Term Fund has increased its dividend payment by an average of 5.5% annually over the last three years.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of NYSE:FTHY opened at $14.41 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $13.80 and a 52-week high of $15.13. The stock has a 50 day moving average price of $14.55 and a 200-day moving average price of $14.67.

Insider Activity

In related news, insider James A. Bowen bought 30,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $14.46 per share, with a total value of $433,800.00. Following the completion of the acquisition, the insider now owns 169,500 shares of the company’s stock, valued at $2,450,970. The trade was a 21.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.