First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) to Issue Monthly Dividend of $0.06

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Thursday, May 2nd will be paid a dividend of 0.06 per share by the financial services provider on Wednesday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date of this dividend is Wednesday, May 1st.

First Trust/Abrdn Global Opportunity Income Fund has raised its dividend payment by an average of 16.3% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

First Trust/Abrdn Global Opportunity Income Fund Trading Up 0.5 %

Shares of First Trust/Abrdn Global Opportunity Income Fund stock opened at $6.38 on Tuesday. The firm has a 50-day simple moving average of $6.44 and a two-hundred day simple moving average of $6.16. First Trust/Abrdn Global Opportunity Income Fund has a fifty-two week low of $5.38 and a fifty-two week high of $6.67.

First Trust/Abrdn Global Opportunity Income Fund Company Profile

First Trust/Abrdn 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.