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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Investors of record on Thursday, May 2nd will be paid a dividend of 0.097 per share by the investment management company on Wednesday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date is Wednesday, May 1st.

First Trust Senior Floating Rate Income Fund II has decreased its dividend payment by an average of 2.3% per year over the last three years and has increased its dividend every year for the last 1 years.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of First Trust Senior Floating Rate Income Fund II stock opened at $10.35 on Tuesday. First Trust Senior Floating Rate Income Fund II has a 12-month low of $9.45 and a 12-month high of $10.42. The company’s fifty day simple moving average is $10.21 and its two-hundred day simple moving average is $9.99.

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.