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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.097 per share by the investment management company on Tuesday, February 18th. This represents a $1.16 dividend on an annualized basis and a yield of 11.20%. The ex-dividend date is Monday, February 3rd.

First Trust Senior Floating Rate Income Fund II has increased its dividend by an average of 24.5% annually over the last three years.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT traded up $0.02 during trading hours on Wednesday, reaching $10.39. 67,178 shares of the company traded hands, compared to its average volume of 171,812. The business has a fifty day moving average price of $10.36 and a 200-day moving average price of $10.32. First Trust Senior Floating Rate Income Fund II has a 12-month low of $9.76 and a 12-month high of $10.93.

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

In other news, insider James A. Bowen sold 3,955 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $10.41, for a total value of $41,171.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.