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, March 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.097 per share by the investment management company on Tuesday, April 15th. This represents a $1.16 annualized dividend and a dividend yield of 11.44%. The ex-dividend date is Tuesday, April 1st.

First Trust Senior Floating Rate Income Fund II has raised its dividend payment 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 $10.18 on Friday. The firm has a 50 day moving average price of $10.33 and a 200-day moving average price of $10.34. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.76 and a twelve month high of $10.93.

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.