SmarterDividends
FTHY

First Trust High Yield Opportunities 2027 Term Fund (FTHY) Dividend

First Trust High Yield Opportunities 2027 Term Fund · Financial Services · Asset Management · monthly payer

$12.95

Fairly valued · +2% Add to Portfolio

As of Nov 8, 2026, First Trust High Yield Opportunities 2027 Term Fund (FTHY) pays a monthly dividend of $0.1250 per share, or $1.50 a year, a 11.58% yield at its $12.95 share price. It pays every month. It has a dividend safety grade of D.

Forward Yield

11.58%

Annual Dividend

$1.50

Payout Ratio

217%

5-Yr Growth

1.0%

Ex-Date

Nov 2, 2026

Frequency

Monthly

Key facts about FTHY's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, First Trust High Yield Opportunities 2027 Term Fund (FTHY) has a forward dividend yield of 11.58%, based on an annual dividend of $1.50 per share and a share price of $12.95.
  • As of Nov 8, 2026, FTHY's dividend safety grade from SmarterDividends is D (48 out of 100), which rates the dividend as unsafe.
  • FTHY last cut its regular dividend in 2025.
  • FTHY's most recent ex-dividend date was Nov 2, 2026, for a dividend of $0.13 per share.
  • As of Nov 8, 2026, FTHY pays out 217% of its trailing 12-month earnings as dividends (its payout ratio).
  • FTHY's dividend has grown at an average rate of 1.0% a year over the past five years.
  • As of Nov 8, 2026, FTHY's 11.58% yield is 17% above its five-year average yield of 9.86%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for FTHY is $13.15 per share, 2% above the $12.95 share price, so FTHY screens as fairly valued.
  • First Trust High Yield Opportunities 2027 Term Fund (FTHY) pays its dividend monthly, 12 times a year.
  • First Trust High Yield Opportunities 2027 Term Fund (FTHY) has raised its regular dividend 2 times and cut it 3 times across the 75 payments on record since 2020. Its most recent change was a 3.8% cut to $0.125 per share, going ex-dividend on Nov 1, 2024.
Cite this page

SmarterDividends, "FTHY Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/FTHY

Is FTHY a good dividend stock?

Mixed

First Trust High Yield Opportunities 2027 Term Fund (FTHY) pays a monthly dividend yielding 11.58% ($1.50/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2025
    • Elevated payout ratio (217%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    11.58%
    Payout Ratio
    217%
    Annual Dividend
    $1.50
    5-Yr Avg Growth
    1.0%
    Ex-Dividend Date
    Nov 2, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    —
    Market Cap
    $476.2M
    P/E Ratio
    18.8
    5-Yr Total Return
    -36%
    52-Week Range
    $12.49 – $14.28
    Dividend Safety
    D · 48/100
    Ever Cut?
    Yes (2025)

    FTHY dividend raises and cuts

    First Trust High Yield Opportunities 2027 Term Fund (FTHY) has raised its regular dividend 2 times and cut it 3 times across the 75 payments on record since 2020. Its most recent change was a 3.8% cut to $0.125 per share, going ex-dividend on Nov 1, 2024.

    Ex-dateChangeOld → newMove
    Nov 1, 2024Cut$0.130 → $0.125−3.8%
    Apr 3, 2023Raise$0.127 → $0.130+2.4%
    Aug 1, 2022Cut$0.134 → $0.127−5.2%
    Apr 1, 2022Cut$0.149 → $0.134−10.1%
    Sep 1, 2021Raise$0.119 → $0.149+25.2%
    Every FTHY payment →Download every raise and cut (CSV)
    FTHY ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →FTHY dividend historyEvery payment, totals by year, raises and cutsView →FTHY dividend calculator100 shares pay $150.00 a year, $12.50 each monthCalculate →FTHY total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is FTHY a good dividend stock?

    Mixed. First Trust High Yield Opportunities 2027 Term Fund (FTHY) pays a monthly dividend yielding 11.58% ($1.50/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is FTHY undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FTHY's fair value is about $13.15 versus a $12.95 share price — so it looks fairly valued (+2% vs. fair value).

    Is FTHY's dividend safe?

    FTHY has a dividend-safety grade of D (48/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is FTHY's fair value?

    Our blended fair-value estimate for FTHY is about $13.15 per share, roughly 2% above the current $12.95 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is FTHY a buy, hold, or sell?

    We don't issue formal ratings, but on the data FTHY screens as "mixed" and fairly valued. First Trust High Yield Opportunities 2027 Term Fund (FTHY) pays a monthly dividend yielding 11.58% ($1.50/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will FTHY cut its dividend?

    FTHY earns a dividend-safety grade of D (48/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does FTHY pay a dividend?

    Yes. First Trust High Yield Opportunities 2027 Term Fund pays a monthly dividend of about $1.50 per share annually, a forward yield of roughly 11.58%.

    How much dividend does 100 shares of FTHY pay?

    At $1.50 per share a year, 100 shares of FTHY pay $150.00 a year in dividends before tax, about $12.50 each month. Buying them costs about $1,295 at the Nov 8, 2026 price.

    What is FTHY's dividend yield?

    As of Nov 8, 2026, FTHY's forward dividend yield is 11.58%, based on a $1.50 annual dividend and a $12.95 share price.

    What is FTHY's dividend per share?

    As of Nov 8, 2026, FTHY pays $1.50 per share per year, distributed on a monthly basis.

    What is FTHY's dividend payout ratio?

    As of Nov 8, 2026, FTHY's payout ratio is 217% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has FTHY grown its dividend?

    FTHY does not currently have a long dividend-growth streak on record.

    When is the next FTHY ex-dividend date?

    As of Nov 8, 2026, FTHY's next ex-dividend date hasn't been announced. The most recent was Nov 2, 2026, for $0.13 per share.

    Income Calculator

    At $1.50 / yr per share

    Per payment (monthly)$12.50
    Annual$150.00
    Monthly avg$12.50
    Full FTHY dividend calculator →

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