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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced 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 11.12%. The ex-dividend date is Monday, February 3rd.

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

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

FCT opened at $10.47 on Friday. The stock has a 50-day moving average of $10.38 and a 200 day moving average of $10.33. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.76 and a 12 month high of $10.93.

Insider Buying and Selling at First Trust Senior Floating Rate Income Fund II

In other news, insider James A. Bowen sold 3,955 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $10.41, for a total transaction of $41,171.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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.