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First Trust Specialty Finance and Financial Opportunities Fund · NYSE
Price: $4.15 · Annual div: $1.68/share · Frequency: monthly · Payout ratio: N/A · Ex-div: 2026-10-21
FGB (First Trust Specialty Finance and Financial Opportunities Fund) has a dividend yield of 40.48%, based on an annual dividend of $1.68 per share and a price of $4.15. Over the last 12 months it paid $1.99 per share — a trailing yield of 47.95%. Dividends are paid monthly.
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At a 40.48% yield, reinvesting every payout is not a realistic long-term assumption — payouts this high rarely last and the share price usually falls as they are paid, so we don't model DRIP growth for FGB.
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Year your monthly dividend income covers each expense (based on current settings)
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-10-21Latest | 2026-10-30 | $0.1400 | — | — |
| 2026-09-24 | 2026-09-30 | $0.1500 | — | — |
| 2026-08-21 | 2026-08-31 | $0.1500 | — | — |
| 2026-07-21 | 2026-07-31 | $0.1500 | — | — |
| 2026-06-25 | 2026-06-30 | $0.1750 | — | — |
| 2026-05-21 | 2026-05-29 | $0.1750 | — | — |
| 2026-04-21 | 2026-04-30 | $0.1750 | — | — |
| 2026-03-26 | 2026-03-31 | $0.1750 | — | — |
| 2026-02-20 | 2026-02-27 | $0.1750 | — | — |
| 2026-01-21 | 2026-01-30 | $0.1750 | — | — |
| 2025-12-12 | 2025-12-31 | $0.1750 | — | — |
| 2025-11-21 | 2025-12-01 | $0.1750 | — | — |
| 2025-10-21 | 2025-10-31 | $0.1750 | — | — |
| 2025-09-25 | 2025-09-30 | $0.1750 | — | — |
| 2025-08-21 | 2025-08-29 | $0.1750 | — | — |
| 2025-07-22 | 2025-07-31 | $0.1750 | — | — |
| 2025-05-22 | 2025-05-30 | $0.1000 | 10.34% | $3.87 |
| 2025-02-24 | 2025-02-28 | $0.1000 | 9.01% | $4.44 |
| 2024-11-22 | 2024-12-02 | $0.1000 | 9.31% | $4.11 |
| 2024-08-22 | 2024-08-30 | $0.1000 | 9.24% | $3.95 |
| 2024-05-22 | 2024-05-31 | $0.1000 | 9.17% | $3.79 |
| 2024-02-22 | 2024-02-29 | $0.0825 | 9.30% | $3.55 |
| 2023-11-22 | 2023-12-01 | $0.0825 | 10.65% | $3.10 |
| 2023-08-22 | 2023-08-31 | $0.0825 | 9.72% | $3.40 |
| 2023-05-22 | 2023-05-31 | $0.0825 | 11.00% | $3.01 |
| 2023-02-22 | 2023-02-28 | $0.0825 | 9.78% | $3.39 |
| 2022-11-22 | 2022-12-01 | $0.0830 | 10.15% | $3.27 |
| 2022-08-22 | 2022-08-31 | $0.0830 | 9.25% | $3.59 |
| 2022-05-20 | 2022-05-31 | $0.0830 | 10.59% | $3.92 |
| 2022-02-22 | 2022-02-28 | $0.0830 | 8.20% | $4.05 |
| 2021-11-22 | 2021-12-01 | $0.0830 | 7.94% | $4.18 |
| 2021-08-20 | 2021-08-31 | $0.0830 | 10.06% | $4.12 |
| 2021-05-21 | 2021-05-28 | $0.0830 | 11.16% | $4.18 |
| 2021-02-22 | 2021-02-26 | $0.0830 | 11.05% | $3.47 |
| 2020-11-20 | 2020-12-01 | $0.0830 | — | — |
| 2020-08-21 | 2020-08-31 | $0.0825 | — | — |
| 2020-05-22 | 2020-05-29 | $0.1350 | — | — |
| 2020-02-21 | 2020-02-28 | $0.1350 | — | — |
| 2019-11-22 | 2019-11-29 | $0.1350 | — | — |
| 2019-08-22 | 2019-08-30 | $0.1750 | — | — |
| 2019-05-22 | 2019-05-31 | $0.1750 | — | — |
| 2019-02-22 | 2019-02-28 | $0.1750 | — | — |
| 2018-11-21 | 2018-12-03 | $0.1750 | — | — |
| 2018-08-22 | 2018-08-31 | $0.1750 | — | — |
| 2018-05-22 | 2018-05-31 | $0.1750 | — | — |
| 2018-02-22 | 2018-02-28 | $0.1750 | — | — |
| 2017-11-22 | 2017-12-01 | $0.1750 | — | — |
| 2017-08-22 | 2017-08-31 | $0.1750 | — | — |
| 2017-05-22 | 2017-05-31 | $0.1750 | — | — |
| 2017-02-22 | 2017-02-28 | $0.1750 | — | — |
| 2016-11-21 | 2016-12-01 | $0.1750 | — | — |
| 2016-08-22 | 2016-08-31 | $0.1750 | — | — |
| 2016-05-20 | 2016-05-31 | $0.1750 | — | — |
| 2016-02-22 | 2016-02-29 | $0.1750 | — | — |
| 2015-11-20 | 2015-12-01 | $0.1750 | — | — |
| 2015-08-21 | 2015-08-31 | $0.1750 | — | — |
| 2015-05-21 | 2015-05-29 | $0.1725 | — | — |
| 2015-02-20 | 2015-02-27 | $0.1725 | — | — |
| 2014-11-21 | 2014-12-01 | $0.1725 | — | — |
| 2014-08-22 | 2014-08-29 | $0.1725 | — | — |
| 2014-05-22 | 2014-05-30 | $0.1700 | — | — |
| 2014-02-21 | 2014-02-28 | $0.1700 | — | — |
| 2013-11-20 | 2013-12-02 | $0.1700 | — | — |
| 2013-08-21 | 2013-08-30 | $0.1700 | — | — |
| 2013-05-22 | 2013-05-31 | $0.1650 | — | — |
| 2013-02-20 | 2013-02-28 | $0.1650 | — | — |
| 2012-11-21 | 2012-12-03 | $0.1650 | — | — |
| 2012-08-22 | 2012-08-31 | $0.1650 | — | — |
| 2012-05-22 | 2012-05-31 | $0.1600 | — | — |
| 2012-02-22 | 2012-02-29 | $0.1600 | — | — |
| 2011-11-18 | 2011-12-01 | $0.1600 | — | — |
| 2011-08-23 | 2011-08-31 | $0.1600 | — | — |
| 2011-05-20 | 2011-05-31 | $0.1550 | — | — |
| 2011-02-18 | 2011-02-28 | $0.1550 | — | — |
| 2010-11-18 | 2010-12-01 | $0.1550 | — | — |
| 2010-08-18 | 2010-08-31 | $0.1550 | — | — |
| 2010-05-19 | 2010-05-28 | $0.1500 | — | — |
| 2010-02-18 | 2010-02-26 | $0.1450 | — | — |
| 2009-11-18 | 2009-12-01 | $0.1400 | — | — |
| 2009-08-18 | 2009-08-31 | $0.1400 | — | — |
The First Trust Specialty Finance and Financial Opportunities Fund (FGB) functions as a closed-end equity mutual fund. It was established and is primarily overseen by First Trust Advisors L.P., with additional management responsibilities shared by Confluence Investment Management LLC. The fund's investment approach concentrates on public equity markets within the United States, specifically seeking out companies operating in the specialty finance and broader financial sectors. Its portfolio predominantly consists of value stocks, supplemented by investments in Business Development Companies (BDCs), Real Estate Investment Trusts (REITs), and various mortgage-related securities. All investment decisions are guided by a thorough process of fundamental analysis. To assess its performance, the fund utilizes a composite benchmark consisting of 70% Wells Fargo BDC Index, 20% FTSE NAREIT Mortgage REIT Index, and 10% S&P SmallCap Financials Index. Formed on March 20, 2007, and domiciled in the U.S., the fund was formerly identified as the First Trust/Gallatin Specialty Finance and Financial Opportunities Fund.
FGB (First Trust Specialty Finance and Financial Opportunities Fund) has a dividend yield of 40.48%, based on an annual dividend of $1.68 per share and a price of $4.15. Over the last 12 months it paid $1.99 per share — a trailing yield of 47.95%. Dividends are paid monthly.
$10,000 in FGB at a 40.48% yield pays about $4,048 a year ($337 a month) before taxes. Payouts this high rarely last — don't count on this income continuing at today's rate.
At a 40.48% yield, reinvesting every payout is not a realistic long-term assumption — payouts this high rarely last and the share price usually falls as they are paid, so we don't model DRIP growth for FGB.
Enter your starting amount, monthly contribution and time horizon in the FGB DRIP calculator at the top of this page. It reinvests each payout into new shares at the projected price, grows the dividend at the rate you choose and shows yearly income, share count, portfolio value and yield on cost. You can switch DRIP off to compare.
FGB's next ex-dividend date has not been announced yet; the most recent one was 2026-10-21. FGB pays dividends monthly. Buy before the ex-dividend date to receive the next payment.
FGB's dividend changed 99.0% over the last year and 43.1% a year on average over five years.
Forward dividend yield from the latest data · open any DRIP calculator
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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Real after-tax yield depends on where you live and how you hold FGB.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 40.48% | 37.68% | $4,048 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 34.41% | 31.61% | $3,441 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 32.38% | 29.58% | $3,238 / yr |
| 🇬🇧 UK ISA | 0% | 40.48% | 37.68% | $4,048 / yr |
| 🇬🇧 UK Taxable | 8.75% | 36.94% | 34.14% | $3,694 / yr |
| 🇨🇦 TFSA | 0% | 40.48% | 37.68% | $4,048 / yr |
| 🇨🇦 CA Taxable | 25% | 30.36% | 27.56% | $3,036 / yr |
| 🇦🇺 Super (pension) | 15% | 34.41% | 31.61% | $3,441 / yr |
| 🇦🇺 AU Taxable | 30% | 28.34% | 25.54% | $2,834 / yr |
| 🇩🇪 DE Taxable | 26.375% | 29.80% | 27.00% | $2,980 / yr |
| 🇫🇷 FR Taxable | 30% | 28.34% | 25.54% | $2,834 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $1.68/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
FGB pays every month — 12 payments per year.
How FGB compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for FGB sourced from FMP /financial-growth endpoint — real data, not estimates.
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
| Insider | Title | Type | Date | Shares | Price | Total Value |
|---|---|---|---|---|---|---|
| Sale | 2021-12-28 | 2,432.206 | $4.07 | $9.9K | ||
| Buy | 2019-10-02 | 2,000 | $6.05 | $12.1K |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
Compare FGB with peers: FGB vs AGAQX · FGB vs DFPAX · FGB vs FAM
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the FGB dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
First Trust Specialty Finance and Financial Opportunities Fund (FGB) is currently trading at $4.15, 11% below its 52-week high. The current dividend yield is 40.48% based on an annual payout of $1.68 per share.
First Trust Specialty Finance and Financial Opportunities Fund (FGB) is a financial services stock currently trading at $4.15 with a dividend yield of 40.48%. It pays an annual dividend of $1.68 per share. Over the past 5 years, FGB has grown its dividend at a compound annual rate of 43.1%.
Auto-generated from live market data. For educational purposes only — not financial advice.
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