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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 11.20%. The ex-dividend date is Monday, February 3rd.

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

First Trust Senior Floating Rate Income Fund II Stock Up 0.2 %

NYSE:FCT traded up $0.02 on Wednesday, reaching $10.39. 67,178 shares of the company’s stock were exchanged, compared to its average volume of 171,844. The business has a fifty day moving average of $10.36 and a 200-day moving average of $10.32. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.76 and a 52-week high of $10.93.

Insider Activity at First Trust Senior Floating Rate Income Fund II

In other First Trust Senior Floating Rate Income Fund II news, insider James A. Bowen sold 3,955 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $10.41, for a total value of $41,171.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.