First Trust/aberdeen Emerging Oppo (FEO) to Issue Quarterly Dividend of $0.35 on March 29th
First Trust/aberdeen Emerging Oppo (NYSE:FEO) announced a quarterly dividend on Tuesday, March 12th, Wall Street Journal reports. Stockholders of record on Monday, March 25th will be given a dividend of 0.35 per share on Friday, March 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.21%. The ex-dividend date is Friday, March 22nd.
FEO opened at $13.71 on Friday. First Trust/aberdeen Emerging Oppo has a 1-year low of $11.76 and a 1-year high of $16.56.
A hedge fund recently bought a new stake in First Trust/aberdeen Emerging Oppo stock. Geode Capital Management LLC purchased a new stake in First Trust/aberdeen Emerging Oppo (NYSE:FEO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,082 shares of the company’s stock, valued at approximately $585,000.
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First Trust/Aberdeen Emerging Opportunity Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in public equity and fixed income markets of global emerging countries. It seeks to invest in the stocks of companies operating across the diversified sectors.
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