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First Trust/Aberdeen Global Opportunity declares $0.13 dividend

  • First Trust/Aberdeen Global Opportunity Income Fund (FAM) declares $0.13/share monthly dividend.
  • Payable Sept. 16; for shareholders of record Sept. 5; ex-div Sept. 3.
Comments (2)
  • Alan Young
    , contributor
    Comments (2360) | Send Message
    The portfolio no longer seems to be earning this distribution. The fund is priced for a distribution cut.
    20 Aug 2013, 07:59 PM Reply Like
  • nicholas davout
    , contributor
    Comments (1541) | Send Message
    Its never cut its dividend since inception in March 2005; roc has usually been part of its payout but only a small part and there is a tax benefit in that. Its getting wacked like any interest sensitive type
    of investment, doubly so since it also reflects international exposure
    and the markets are scared about that also. The fund is already priced as if it would cut its dividend, its over 11% vs its more 'normal' 7-9% range. Of course, never say never, etc.
    21 Aug 2013, 05:16 PM Reply Like
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