First Trust Senior Floating Rate Income Fund II Announces Monthly Dividend of $0.10 (NYSE:FCT)

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Thursday, May 2nd will be given a dividend of 0.097 per share by the investment management company on Wednesday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 11.24%. The ex-dividend date is Wednesday, May 1st.

First Trust Senior Floating Rate Income Fund II has decreased its dividend by an average of 2.3% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

First Trust Senior Floating Rate Income Fund II Price Performance

FCT stock traded up $0.09 during mid-day trading on Tuesday, reaching $10.36. 65,306 shares of the stock traded hands, compared to its average volume of 106,608. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.45 and a 52-week high of $10.42. The stock’s fifty day moving average is $10.18 and its 200-day moving average is $9.98.

First Trust Senior Floating Rate Income Fund II Company Profile

First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.