First Trust/Aberdeen Global Opportunity (NYSE:FAM) announced a monthly dividend on Wednesday, May 20th, Zacks reports. Shareholders of record on Tuesday, June 2nd will be given a dividend of 0.08 per share by the financial services provider on Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date of this dividend is Monday, June 1st.
First Trust/Aberdeen Global Opportunity has increased its dividend by an average of 2.2% annually over the last three years.
FAM traded down $0.07 during trading on Friday, reaching $9.40. 2,213 shares of the company’s stock were exchanged, compared to its average volume of 48,095. First Trust/Aberdeen Global Opportunity has a fifty-two week low of $7.68 and a fifty-two week high of $11.63. The business has a 50 day moving average price of $9.05 and a 200 day moving average price of $10.46.
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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