First Trust High Yield Opportunities 2027 Term Fund
FTHYFinancial Services · Stock · monthly payer
Forward Yield
11.57%
Annual Dividend
$1.50
Payout Ratio
217%
5-Yr Growth
1.0%
Ex-Date
Oct 1, 2026
Frequency
Monthly
Summary
As of September 2026, First Trust High Yield Opportunities 2027 Term Fund (FTHY) yields 11.57% ($1.50 per share annually), with a blended fair-value estimate of $13.65 — +5% upside, so it screens as fairly valued. Dividend safety grade: D (49/100).
Is FTHY a good dividend stock?
MixedFirst Trust High Yield Opportunities 2027 Term Fund (FTHY) pays a monthly dividend yielding 11.57% ($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
- 11.57%
- Payout Ratio
- 217%
- Annual Dividend
- $1.50
- 5-Yr Avg Growth
- 1.0%
- Ex-Dividend Date
- Oct 1, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $474.7M
- P/E Ratio
- 18.7
- 5-Yr Total Return
- -38%
- 52-Week Range
- $12.93 – $14.71
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
FTHY Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+2%
5 Years
-38%
52-Week Range
$12.93 – $14.71
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FTHY worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for First Trust High Yield Opportunities 2027 Term Fund is $13.65 per share, versus a market price of $13.03. That implies the stock is roughly fairly priced.
Fair Value
$13.65
Current Price
$13.03
Gap
+5%
Margin of Safety
5%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.69 EPS, $1.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FTHY Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full FTHY dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.1250 | regular |
| Aug 3, 2026 | — | $0.1250 | regular |
| Jul 1, 2026 | — | $0.1250 | regular |
| Jun 1, 2026 | — | $0.1250 | regular |
| May 1, 2026 | — | $0.1250 | regular |
| Apr 1, 2026 | — | $0.1250 | regular |
| Mar 2, 2026 | — | $0.1250 | regular |
| Feb 2, 2026 | — | $0.1250 | regular |
| Jan 2, 2026 | — | $0.1250 | regular |
| Dec 1, 2025 | — | $0.1250 | regular |
| Nov 3, 2025 | — | $0.1250 | regular |
| Oct 1, 2025 | — | $0.1250 | regular |
| Sep 2, 2025 | — | $0.1250 | regular |
| Aug 1, 2025 | — | $0.1250 | regular |
Income Calculator
At $1.50 / yr per share
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