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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors 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 dividend yield of 11.21%. The ex-dividend date of this dividend is Monday, March 3rd.

First Trust Senior Floating Rate Income Fund II has increased its dividend by an average of 23.5% annually over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Performance

NYSE FCT traded down $0.02 during trading on Friday, reaching $10.39. The company’s stock had a trading volume of 69,259 shares, compared to its average volume of 117,381. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.76 and a 12 month high of $10.93. The firm has a 50 day moving average price of $10.38 and a 200 day moving average price of $10.34.

Insider Buying and Selling at First Trust Senior Floating Rate Income Fund II

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 dated Monday, December 16th. The shares were sold at an average price of $10.41, for a total value of $41,171.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.