First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Plans $0.13 Monthly Dividend

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Stockholders of record on Thursday, May 2nd will be paid a dividend of 0.13 per share on Tuesday, May 28th. This represents a $1.56 annualized dividend and a dividend yield of 10.92%. The ex-dividend date is Wednesday, May 1st.

First Trust High Yield Opportunities 2027 Term Fund has increased its dividend by an average of 33.6% annually over the last three years and has increased its dividend every year for the last 1 years.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 1.1 %

NYSE:FTHY opened at $14.28 on Tuesday. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $12.66 and a 1-year high of $14.74.

Insiders Place Their Bets

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen purchased 20,000 shares of the stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $14.07 per share, with a total value of $281,400.00. Following the completion of the purchase, the insider now directly owns 106,000 shares of the company’s stock, valued at approximately $1,491,420. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider James A. Bowen acquired 50,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $14.50 per share, for a total transaction of $725,000.00. Following the completion of the transaction, the insider now owns 70,000 shares of the company’s stock, valued at approximately $1,015,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James A. Bowen acquired 20,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were bought at an average cost of $14.07 per share, with a total value of $281,400.00. Following the purchase, the insider now owns 106,000 shares of the company’s stock, valued at approximately $1,491,420. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 93,100 shares of company stock valued at $1,335,750.