Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Plans Monthly Dividend of $0.11

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.109 per share on Friday, May 31st. This represents a $1.31 annualized dividend and a dividend yield of 10.42%. The ex-dividend date is Thursday, May 16th.

Angel Oak Financial Strategies Income Term Trust has increased its dividend payment by an average of 14.0% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Angel Oak Financial Strategies Income Term Trust Price Performance

NYSE FINS traded up $0.05 on Friday, reaching $12.55. The company’s stock had a trading volume of 60,022 shares, compared to its average volume of 60,661. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $11.61 and a twelve month high of $12.60. The firm’s 50 day moving average is $12.36 and its two-hundred day moving average is $12.17.

Insider Buying and Selling

In related news, Portfolio Manager Johannes Palsson bought 5,670 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average cost of $12.39 per share, for a total transaction of $70,251.30. Following the acquisition, the portfolio manager now directly owns 46,403 shares of the company’s stock, valued at approximately $574,933.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

About Angel Oak Financial Strategies Income Term Trust