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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Investors of record on Thursday, May 2nd will be given a dividend of 0.097 per share by the investment management company on Wednesday, May 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.25%. The ex-dividend date of this dividend is Wednesday, May 1st.

First Trust Senior Floating Rate Income Fund II has decreased its dividend by an average of 2.3% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

First Trust Senior Floating Rate Income Fund II Stock Performance

FCT opened at $10.35 on Tuesday. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.45 and a 12 month high of $10.42. The company has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $9.99.

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.