First Trust High Yield Opportunities 2027 Term Fund (FTHY) to Issue Monthly Dividend of $0.13 on January 27th

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.125 per share on Monday, January 27th. This represents a $1.50 annualized dividend and a dividend yield of 10.24%. The ex-dividend date is Thursday, January 2nd.

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

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of NYSE:FTHY opened at $14.65 on Friday. The firm has a fifty day moving average price of $14.71 and a two-hundred day moving average price of $14.64. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $13.59 and a one year high of $15.13.

Insiders Place Their Bets

In other news, insider James A. Bowen acquired 4,370 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average cost of $15.20 per share, for a total transaction of $66,424.00. Following the acquisition, the insider now directly owns 123,370 shares in the company, valued at approximately $1,875,224. The trade was a 3.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.