26 August, 2021 seen 49On July 6, 2020, we bought an additional 10 shares of Pfizer (PFE) paying $34.80 per share for our Partnership Fund. …
On April 8th, 2019, I bought an additional 100 shares of First Trust Specialty Finance and Financial Opportunities Fund (FGB) at $6.17 per share.
With its quarterly dividend payout of 0.175 dollars per share, this latest buy has a dividend yield of 11.34% and will pay us $17.50 (before tax) every quarter. Awesome!
FGB is paying in the following months: February, May, August and December
This is already the second time I'm buying FGB, I first bought a humble 82 shares of FBG back on July 10, 2018
By now FGB takes 15.09% from my US stock portfolio, and also is one of the biggest dividend payers in the portfolio by now.
For the rest of the year, I'm looking to take $44.61 (after tax) from this buy, which is about 2.18% from my $2,045 goal for 2019.
In total FGB now contributes about $108.29 yearly to a dividend income portfolio.
About First Trust Specialty Finance and Financial Opportunities Fund (FGB)
The First Trust Specialty Finance and Financial Opportunities Fund is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. The Fund seeks an attractive total return as a secondary objective. The Fund will seek to achieve its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies that the Fund's sub-advisor believes offer attractive opportunities for income and capital appreciation.