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.

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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.

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