First Trust/Aberdeen Global Opportunity (FAM) to Issue Monthly Dividend of $0.08 on September 15th
First Trust/Aberdeen Global Opportunity (NYSE:FAM) announced a monthly dividend on Tuesday, August 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, September 6th will be paid a dividend of 0.075 per share by the financial services provider on Friday, September 15th. This represents a $0.90 annualized dividend and a yield of 7.63%. The ex-dividend date is Friday, September 1st.
First Trust/Aberdeen Global Opportunity has decreased its dividend by an average of 16.8% annually over the last three years.
Shares of First Trust/Aberdeen Global Opportunity (NYSE FAM) opened at 11.80 on Friday. The firm’s 50-day moving average price is $11.68 and its 200 day moving average price is $11.70. First Trust/Aberdeen Global Opportunity has a one year low of $10.29 and a one year high of $12.15.
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First Trust/Aberdeen Global Opportunity Company Profile
First Trust/Aberdeen Global Opportunity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. As a secondary objective, the Fund seeks capital appreciation. The Fund pursues these objectives by investing its Managed Assets in the world bond markets through a diversified portfolio of investment grade and below-investment grade government and corporate debt securities.
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