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 Thursday, June 20th, NASDAQ reports. Stockholders of record on Monday, July 1st will be given a dividend of 0.097 per share by the investment management company on Monday, July 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.55%. The ex-dividend date of this dividend is Monday, July 1st.

First Trust Senior Floating Rate Income Fund II has raised its dividend by an average of 6.2% annually over the last three years.

First Trust Senior Floating Rate Income Fund II Trading Down 0.7 %

First Trust Senior Floating Rate Income Fund II stock opened at $10.08 on Friday. The firm has a 50-day moving average of $10.32 and a 200-day moving average of $10.14. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.51 and a 1-year high of $10.59.

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.