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

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

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

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of NYSE FTHY remained flat at $14.91 during midday trading on Friday. The stock had a trading volume of 61,164 shares, compared to its average volume of 128,493. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $12.66 and a 12-month high of $15.00. The company has a 50-day simple moving average of $14.73.

Insiders Place Their Bets

In related news, insider James A. Bowen purchased 17,000 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $14.75 per share, with a total value of $250,750.00. Following the purchase, the insider now directly owns 123,000 shares of the company’s stock, valued at approximately $1,814,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.