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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) announced a monthly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Tuesday, October 1st will be given a dividend of 0.13 per share on Friday, October 25th. This represents a $1.56 annualized dividend and a yield of 10.46%. The ex-dividend date is Tuesday, October 1st.

First Trust High Yield Opportunities 2027 Term Fund has raised its dividend payment by an average of 33.6% per year over the last three years.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of First Trust High Yield Opportunities 2027 Term Fund stock remained flat at $14.91 during midday trading on Friday. The company had a trading volume of 61,164 shares, compared to its average volume of 128,493. The firm has a 50 day moving average price of $14.73. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $12.66 and a one year high of $15.00.

Insiders Place Their Bets

In other news, insider James A. Bowen acquired 17,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $14.75 per share, with a total value of $250,750.00. Following the transaction, the insider now owns 123,000 shares in the company, valued at approximately $1,814,250. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.