FGB Ex-Dividend Reminder - 5/21/15

Looking at the universe of stocks we cover at Dividend Channel, on 5/21/15, First Trust Specialty Finance and Financial Opportunities Fund (FGB) will trade ex-dividend, for its quarterly dividend of $0.1725, payable on 5/29/15. As a percentage of FGB's recent stock price of $7.20, this dividend works out to approximately 2.40%, so look for shares of First Trust Specialty Finance and Financial Opportunities Fund to trade 2.40% lower — all else being equal — when FGB shares open for trading on 5/21/15.

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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 9.58% 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 $7.05 per share, with $9.25 as the 52 week high point — that compares with a last trade of $7.20.

According to the ETF Finder at ETF Channel, FGB makes up 1.03% of the EGShares FTSE Beyond BRICs ETF ( BBRC) which is trading lower by about 0.3% on the day Tuesday.

In Tuesday trading, First Trust Specialty Finance and Financial Opportunities Fund shares are currently up about 0.1% on the day.

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