First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Declares $0.08 Quarterly Dividend

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGBGet Rating) declared a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Stockholders of record on Monday, May 23rd will be given a dividend of 0.0825 per share by the closed-end fund on Tuesday, May 31st. This represents a $0.33 annualized dividend and a dividend yield of 9.35%. The ex-dividend date is Friday, May 20th.

First Trust Specialty Finance and Financial Opportunities Fund has decreased its dividend by an average of 22.2% annually over the last three years.

Shares of FGB opened at $3.53 on Friday. The stock has a 50 day simple moving average of $4.04 and a 200 day simple moving average of $4.06. First Trust Specialty Finance and Financial Opportunities Fund has a 52-week low of $3.49 and a 52-week high of $4.39.

Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its position in shares of First Trust Specialty Finance and Financial Opportunities Fund by 10.8% in the 4th quarter. LPL Financial LLC now owns 275,310 shares of the closed-end fund’s stock valued at $1,126,000 after purchasing an additional 26,759 shares during the period. Morgan Stanley grew its position in shares of First Trust Specialty Finance and Financial Opportunities Fund by 5.5% in the 3rd quarter. Morgan Stanley now owns 112,907 shares of the closed-end fund’s stock valued at $449,000 after purchasing an additional 5,866 shares during the period. Wells Fargo & Company MN grew its position in shares of First Trust Specialty Finance and Financial Opportunities Fund by 57.7% in the 4th quarter. Wells Fargo & Company MN now owns 28,213 shares of the closed-end fund’s stock valued at $115,000 after purchasing an additional 10,326 shares during the period. Finally, UBS Group AG acquired a new position in shares of First Trust Specialty Finance and Financial Opportunities Fund in the 3rd quarter valued at approximately $27,000.

First Trust Specialty Finance and Financial Opportunities Fund Company Profile (Get Rating)

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.

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Dividend History for First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB)

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