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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be paid a dividend of 0.125 per share on Friday, April 25th. This represents a $1.50 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date is Tuesday, April 1st.

First Trust High Yield Opportunities 2027 Term Fund has increased its dividend payment by an average of 5.5% per year over the last three years.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.2 %

First Trust High Yield Opportunities 2027 Term Fund stock traded up $0.03 during mid-day trading on Friday, hitting $14.41. 52,292 shares of the stock were exchanged, compared to its average volume of 104,108. First Trust High Yield Opportunities 2027 Term Fund has a 12 month low of $13.80 and a 12 month high of $15.13. The firm’s fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $14.67.

Insider Activity at First Trust High Yield Opportunities 2027 Term Fund

In related news, insider James A. Bowen acquired 30,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $14.46 per share, for a total transaction of $433,800.00. Following the purchase, the insider now owns 169,500 shares in the company, valued at approximately $2,450,970. The trade was a 21.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.