Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) to Issue Monthly Dividend of $0.12

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.115 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Tuesday, March 17th.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of NYSE FINS remained flat at $13.09 during trading hours on Wednesday. The stock had a trading volume of 13,014 shares, compared to its average volume of 55,595. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $12.21 and a 12 month high of $13.64. The firm’s fifty day moving average price is $13.21 and its 200 day moving average price is $13.17.

About Angel Oak Financial Strategies Income Term Trust

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.