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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Investors of record on Thursday, August 1st will be given a dividend of 0.097 per share by the investment management company on Thursday, August 15th. This represents a $1.16 annualized dividend and a yield of 11.31%. The ex-dividend date is Thursday, August 1st.

First Trust Senior Floating Rate Income Fund II has raised its dividend payment by an average of 6.2% per year over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Down 0.1 %

Shares of NYSE:FCT traded down $0.01 during trading hours on Tuesday, hitting $10.29. 128,932 shares of the company’s stock traded hands, compared to its average volume of 134,430. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.51 and a 1 year high of $10.59. The business has a fifty day moving average price of $10.27 and a 200-day moving average price of $10.18.

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.