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

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAMGet Free Report) announced a monthly dividend on Thursday, March 21st, Wall Street Journal reports. Investors of record on Tuesday, April 2nd will be paid a dividend of 0.06 per share by the financial services provider on Monday, April 15th. This represents a $0.72 annualized dividend and a dividend yield of 10.96%. The ex-dividend date is Monday, April 1st.

First Trust/Abrdn Global Opportunity Income Fund has decreased its dividend by an average of 11.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

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

Shares of First Trust/Abrdn Global Opportunity Income Fund stock traded down $0.03 during midday trading on Thursday, hitting $6.57. 69,607 shares of the company traded hands, compared to its average volume of 33,132. The firm’s fifty day moving average price is $6.35 and its 200-day moving average price is $6.02. First Trust/Abrdn Global Opportunity Income Fund has a 12 month low of $5.38 and a 12 month high of $6.67.

Institutional Investors Weigh In On First Trust/Abrdn Global Opportunity Income Fund

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its holdings in First Trust/Abrdn Global Opportunity Income Fund by 21.9% in the first quarter. Advisory Services Network LLC now owns 16,607 shares of the financial services provider’s stock valued at $124,000 after buying an additional 2,985 shares during the period. Bank of America Corp DE grew its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 25.8% during the 1st quarter. Bank of America Corp DE now owns 18,637 shares of the financial services provider’s stock worth $139,000 after buying an additional 3,817 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust/Abrdn Global Opportunity Income Fund by 23.2% in the 1st quarter. Cetera Investment Advisers now owns 23,622 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 4,446 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of First Trust/Abrdn Global Opportunity Income Fund during the 4th quarter valued at $194,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in First Trust/Abrdn Global Opportunity Income Fund by 130.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 31,966 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 18,066 shares in the last quarter.

About First Trust/Abrdn Global Opportunity Income Fund

(Get Free Report)

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.

See Also

Dividend History for First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM)

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