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

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.10 per share by the closed-end fund on Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Monday, February 24th.

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 Price Performance

Shares of NYSE FGB traded up $0.01 during mid-day trading on Tuesday, reaching $4.45. 27,329 shares of the company traded hands, compared to its average volume of 36,123. First Trust Specialty Finance and Financial Opportunities Fund has a fifty-two week low of $3.39 and a fifty-two week high of $4.53. The stock has a fifty day simple moving average of $4.31 and a 200-day simple moving average of $4.14.

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.