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

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) announced a quarterly dividend on Monday, November 13th, Wall Street Journal reports. Investors of record on Friday, November 24th will be given a dividend of 0.0825 per share by the closed-end fund on Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 9.76%. The ex-dividend date is Wednesday, November 22nd.

First Trust Specialty Finance and Financial Opportunities Fund has decreased its dividend payment by an average of 20.6% annually over the last three years.

First Trust Specialty Finance and Financial Opportunities Fund Trading Up 4.0 %

NYSE:FGB opened at $3.38 on Wednesday. The stock has a 50-day simple moving average of $3.22 and a 200 day simple moving average of $3.21. First Trust Specialty Finance and Financial Opportunities Fund has a 52-week low of $2.76 and a 52-week high of $3.80.

Hedge Funds Weigh In On First Trust Specialty Finance and Financial Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of First Trust Specialty Finance and Financial Opportunities Fund by 327.4% in the fourth quarter. UBS Group AG now owns 12,570 shares of the closed-end fund’s stock valued at $38,000 after purchasing an additional 9,629 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of First Trust Specialty Finance and Financial Opportunities Fund during the 1st quarter worth about $49,000. Equitable Holdings Inc. bought a new stake in shares of First Trust Specialty Finance and Financial Opportunities Fund during the 2nd quarter worth about $52,000. Cetera Investment Advisers acquired a new position in First Trust Specialty Finance and Financial Opportunities Fund in the 1st quarter valued at about $54,000. Finally, Susquehanna International Group LLP bought a new position in First Trust Specialty Finance and Financial Opportunities Fund in the 1st quarter valued at about $118,000.

First Trust Specialty Finance and Financial Opportunities Fund Company Profile

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.