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

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) announced a quarterly dividend on Tuesday, May 13th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of 0.10 per share by the closed-end fund on Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend is Thursday, May 22nd.

First Trust Specialty Finance and Financial Opportunities Fund has raised its dividend payment by an average of 8.2% per year over the last three years.

First Trust Specialty Finance and Financial Opportunities Fund Stock Up 1.2%

Shares of FGB opened at $4.10 on Tuesday. First Trust Specialty Finance and Financial Opportunities Fund has a 1 year low of $3.39 and a 1 year high of $4.64. The company has a 50 day simple moving average of $3.98 and a two-hundred day simple moving average of $4.19.

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.