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) announced a monthly dividend on Monday, October 21st, NASDAQ reports. Investors of record on Friday, November 1st will be given a dividend of 0.097 per share by the investment management company on Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Friday, November 1st.

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

First Trust Senior Floating Rate Income Fund II Stock Up 1.0 %

First Trust Senior Floating Rate Income Fund II stock opened at $10.42 on Thursday. The stock’s 50 day moving average is $10.34 and its 200 day moving average is $10.29. First Trust Senior Floating Rate Income Fund II has a one year low of $9.60 and a one year high of $10.93.

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.