Angel Oak Financial Strategies Income Term Trust (FINS) to Issue Monthly Dividend of $0.12 on January 30th

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, January 16th will be given a dividend of 0.115 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Friday, January 16th.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.7%

FINS stock traded up $0.09 during midday trading on Wednesday, reaching $13.31. 1,814 shares of the company were exchanged, compared to its average volume of 45,063. The stock’s 50-day simple moving average is $13.13 and its 200 day simple moving average is $13.12. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.21 and a 1-year high of $13.64.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.