First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Declares Monthly Dividend of $0.13

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) announced a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be paid a dividend of 0.125 per share on Friday, April 25th. This represents a $1.50 annualized dividend and a yield of 10.37%. The ex-dividend date is Tuesday, April 1st.

First Trust High Yield Opportunities 2027 Term Fund has raised its dividend by an average of 5.5% per year over the last three years.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of NYSE:FTHY opened at $14.47 on Friday. The stock’s fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $14.66. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $13.80 and a 1-year high of $15.13.

Insider Activity

In other news, insider James A. Bowen acquired 30,000 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $14.46 per share, with a total value of $433,800.00. Following the transaction, the insider now owns 169,500 shares of the company’s stock, valued at approximately $2,450,970. This trade represents a 21.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.