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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 11.24%. The ex-dividend date is Wednesday, May 1st.

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

First Trust Senior Floating Rate Income Fund II Stock Up 0.9 %

Shares of NYSE FCT traded up $0.09 during midday trading on Tuesday, reaching $10.36. The stock had a trading volume of 65,306 shares, compared to its average volume of 106,608. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.45 and a twelve month high of $10.42. The company’s 50 day moving average price is $10.18 and its 200 day moving average price is $9.98.

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.