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

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) declared a quarterly dividend on Tuesday, August 13th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 10.28%. The ex-dividend date is Thursday, August 22nd.

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

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

First Trust Specialty Finance and Financial Opportunities Fund stock traded up $0.02 during mid-day trading on Tuesday, hitting $3.89. The company’s stock had a trading volume of 20,229 shares, compared to its average volume of 50,963. First Trust Specialty Finance and Financial Opportunities Fund has a 1 year low of $2.98 and a 1 year high of $4.10. The stock’s fifty day moving average is $3.91 and its two-hundred day moving average is $3.76.

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.