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) declared a monthly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.097 per share by the investment management company on Tuesday, April 15th. This represents a $1.16 annualized dividend and a dividend yield of 11.44%. The ex-dividend date is Tuesday, April 1st.

First Trust Senior Floating Rate Income Fund II has raised its dividend payment by an average of 23.5% per year over the last three years.

First Trust Senior Floating Rate Income Fund II Trading Down 0.2 %

NYSE:FCT traded down $0.02 during trading hours on Friday, reaching $10.18. The company had a trading volume of 83,180 shares, compared to its average volume of 124,727. The firm’s 50 day moving average price is $10.33 and its 200-day moving average price is $10.34. First Trust Senior Floating Rate Income Fund II has a 52 week low of $9.76 and a 52 week high of $10.93.

About First Trust Senior Floating Rate Income Fund II

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.