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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders 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 is Thursday, January 2nd.

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

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

Shares of FCT stock traded up $0.02 during trading hours on Friday, hitting $10.29. 205,523 shares of the company’s stock were exchanged, compared to its average volume of 124,929. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.70 and a fifty-two week high of $10.93. The firm has a 50 day moving average of $10.35 and a two-hundred day moving average of $10.29.

Insider Activity

In other First Trust Senior Floating Rate Income Fund II news, insider James A. Bowen sold 3,955 shares of the business’s stock in a transaction on Monday, December 16th. The stock was 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 SEC, 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.