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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Thursday, January 2nd will be paid a dividend of 0.097 per share by the investment management company on Wednesday, January 15th. This represents a $1.16 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date of this dividend is Thursday, January 2nd.

First Trust Senior Floating Rate Income Fund II has increased its dividend by an average of 6.2% annually over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Up 0.2 %

NYSE:FCT traded up $0.02 on Friday, reaching $10.29. 205,523 shares of the stock traded hands, compared to its average volume of 124,929. The company’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $10.29. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.70 and a 12 month high of $10.93.

Insider Activity at First Trust Senior Floating Rate Income Fund II

In related news, insider James A. Bowen sold 3,955 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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.