Reminder - First Trust Specialty Finance and Financial Opportunities Fund (FGB) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 8/22/14, First Trust Specialty Finance and Financial Opportunities Fund (FGB) will trade ex-dividend, for its quarterly dividend of $0.1725, payable on 8/29/14. As a percentage of FGB's recent stock price of $8.44, this dividend works out to approximately 2.04%, so look for shares of First Trust Specialty Finance and Financial Opportunities Fund to trade 2.04% lower — all else being equal — when FGB shares open for trading on 8/22/14.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for FGB, showing historical dividends prior to the most recent $0.1725 declared by First Trust Specialty Finance and Financial Opportunities Fund:

FGB+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FGB is likely to continue, and whether the current estimated yield of 8.18% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of FGB shares, versus its 200 day moving average:

First Trust Specialty Finance and Financial Opportunities Fund 200 Day Moving Average Chart

Looking at the chart above, FGB's low point in its 52 week range is $7.50 per share, with $8.90 as the 52 week high point — that compares with a last trade of $8.44.

In Wednesday trading, First Trust Specialty Finance and Financial Opportunities Fund shares are currently off about 0.3% on the day.

More from Stocks

Dow Futures Tank as Trade War Fears Grip Wall Street

Dow Futures Tank as Trade War Fears Grip Wall Street

Why GE's Stock Has Fallen 9% in the Last 30 Days

Why GE's Stock Has Fallen 9% in the Last 30 Days

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

3 Complicated Investing Strategies Millennials Love

3 Complicated Investing Strategies Millennials Love

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals