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 Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.097 per share by the investment management company on Monday, March 17th. This represents a $1.16 annualized dividend and a yield of 11.21%. The ex-dividend date is Monday, March 3rd.

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 Stock Down 0.1 %

NYSE FCT traded down $0.02 during trading on Friday, hitting $10.39. The stock had a trading volume of 71,460 shares, compared to its average volume of 117,487. First Trust Senior Floating Rate Income Fund II has a one year low of $9.76 and a one year high of $10.93. The stock has a 50 day simple moving average of $10.38 and a 200 day simple moving average of $10.34.

Insider Activity

In other news, insider James A. Bowen sold 3,955 shares of First Trust Senior Floating Rate Income Fund II 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 filing with the Securities & Exchange Commission, which is available at this link.

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.