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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Monday, February 3rd will be given 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 payment by an average of 24.5% annually over the last three years.

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

Shares of NYSE:FCT traded up $0.02 during trading hours on Wednesday, hitting $10.39. 67,178 shares of the company’s stock 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 1 year low of $9.76 and a 1 year high of $10.93.

Insider Activity at First Trust Senior Floating Rate Income Fund II

In related news, insider James A. Bowen sold 3,955 shares of the stock in a transaction that occurred on 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 SEC, which is available at the SEC website.

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.