First Trust/Abrdn Global Opportunity Income Fund (FAM) to Issue Monthly Dividend of $0.06 on May 15th

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Thursday, May 2nd will be given a dividend of 0.06 per share by the financial services provider on Wednesday, May 15th. This represents a $0.72 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date of this dividend is Wednesday, May 1st.

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

First Trust/Abrdn Global Opportunity Income Fund Price Performance

Shares of FAM opened at $6.41 on Wednesday. First Trust/Abrdn Global Opportunity Income Fund has a 52-week low of $5.38 and a 52-week high of $6.67. The stock has a fifty day simple moving average of $6.43 and a two-hundred day simple moving average of $6.13.

About First Trust/Abrdn Global Opportunity Income Fund

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.