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First Trust Specialty Finance and Financial Opportunities Fund · NYSE
Price: $4.15 · Annual div: $0.40/share · Frequency: quarterly · Payout ratio: 50% · Ex-div: TBD
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Year your monthly dividend income covers each expense (based on current settings)
$10,000 in FGB → $24.38 in 10 years · $0.18/month
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.
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% | 9.58% | 6.78% | $958 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 8.14% | 5.34% | $814 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 7.66% | 4.86% | $766 / yr |
| 🇬🇧 UK ISA | 0% | 9.58% | 6.78% | $958 / yr |
| 🇬🇧 UK Taxable | 8.75% | 8.74% | 5.94% | $874 / yr |
| 🇨🇦 TFSA | 0% | 9.58% | 6.78% | $958 / yr |
| 🇨🇦 CA Taxable | 25% | 7.19% | 4.39% | $719 / yr |
| 🇦🇺 Super (pension) | 15% | 8.14% | 5.34% | $814 / yr |
| 🇦🇺 AU Taxable | 30% | 6.71% | 3.91% | $671 / yr |
| 🇩🇪 DE Taxable | 26.375% | 7.05% | 4.25% | $705 / yr |
| 🇫🇷 FR Taxable | 30% | 6.71% | 3.91% | $671 / 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 $0.40/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
FGB pays quarterly — 4 times per year. Next ex-div: TBD.
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 | ||
| Sale | 2014-12-29 | 1,000 | $7.58 | $7.6K |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
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 →
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