First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) to Issue $0.06 Monthly Dividend

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) declared a monthly dividend on Tuesday, July 23rd, Wall Street Journal reports. Shareholders of record on Thursday, August 1st will be paid a dividend of 0.06 per share by the financial services provider on Thursday, August 15th. This represents a $0.72 annualized dividend and a yield of 11.29%. The ex-dividend date is Thursday, August 1st.

First Trust/Abrdn Global Opportunity Income Fund Price Performance

FAM stock traded up $0.02 during mid-day trading on Tuesday, hitting $6.38. 13,497 shares of the company were exchanged, compared to its average volume of 28,357. First Trust/Abrdn Global Opportunity Income Fund has a twelve month low of $5.38 and a twelve month high of $6.67. The firm has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $6.38.

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.