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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Tuesday, April 22nd, Wall Street Journal reports. Shareholders of record on Thursday, May 1st will be paid a dividend of 0.097 per share by the investment management company on Thursday, May 15th. This represents a $1.16 annualized dividend and a dividend yield of 11.84%. The ex-dividend date is Thursday, May 1st.

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

First Trust Senior Floating Rate Income Fund II Price Performance

First Trust Senior Floating Rate Income Fund II stock opened at $9.83 on Tuesday. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $8.61 and a fifty-two week high of $10.93. The stock has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $10.24.

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.