First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) Plans Monthly Dividend of $0.06

First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM – Get Rating) declared a monthly dividend on Tuesday, May 24th, Wall Street Journal reports. Investors of record on Thursday, June 2nd will be paid a dividend of 0.06 per share by the financial services provider on Wednesday, June 15th. This represents a $0.72 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date of this dividend is Wednesday, June 1st.

First Trust/Aberdeen Global Opportunity Income Fund has increased its dividend by an average of 2.6% per year over the last three years.

NYSE:FAM traded up $0.01 during trading hours on Tuesday, reaching $6.57. The company’s stock had a trading volume of 21,245 shares, compared to its average volume of 42,844. First Trust/Aberdeen Global Opportunity Income Fund has a 1 year low of $6.37 and a 1 year high of $10.36. The firm has a 50-day simple moving average of $6.98 and a 200-day simple moving average of $8.44.

A number of institutional investors have recently made changes to their positions in FAM. Morgan Stanley grew its holdings in First Trust/Aberdeen Global Opportunity Income Fund by 7.4% in the 2nd quarter. Morgan Stanley now owns 25,164 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 1,726 shares during the last quarter. UBS Group AG grew its holdings in First Trust/Aberdeen Global Opportunity Income Fund by 2.5% in the 3rd quarter. UBS Group AG now owns 107,955 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 2,643 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust/Aberdeen Global Opportunity Income Fund by 0.4% in the 4th quarter. LPL Financial LLC now owns 379,137 shares of the financial services provider’s stock worth $3,647,000 after acquiring an additional 1,600 shares during the last quarter. Susquehanna International Group LLP grew its holdings in First Trust/Aberdeen Global Opportunity Income Fund by 26.3% in the 4th quarter. Susquehanna International Group LLP now owns 17,446 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 3,632 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of First Trust/Aberdeen Global Opportunity Income Fund during the 4th quarter valued at about $1,433,000.

First Trust/Aberdeen Global Opportunity Income Fund Company Profile (Get Rating)

First Trust/Aberdeen Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.

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