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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Wednesday, August 21st, Wall Street Journal reports. Shareholders of record on Tuesday, September 3rd will be paid a dividend of 0.097 per share by the investment management company on Monday, September 16th. This represents a $1.16 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date of this dividend is Tuesday, September 3rd.

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

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of First Trust Senior Floating Rate Income Fund II stock remained flat at $10.20 on Wednesday. 124,657 shares of the stock were exchanged, compared to its average volume of 135,720. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.51 and a twelve month high of $10.59. The business has a fifty day moving average price of $10.20 and a 200-day moving average price of $10.23.

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.