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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 0.097 per share by the investment management company on Tuesday, April 15th. This represents a $1.16 dividend on an annualized basis and a yield of 11.44%. The ex-dividend date of this dividend is Tuesday, April 1st.

First Trust Senior Floating Rate Income Fund II has increased its dividend by an average of 23.5% per year over the last three years.

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

First Trust Senior Floating Rate Income Fund II stock traded down $0.02 during midday trading on Friday, reaching $10.18. 83,302 shares of the stock traded hands, compared to its average volume of 124,727. The firm has a fifty day moving average price of $10.33 and a two-hundred day moving average price of $10.34. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.76 and a fifty-two week high of $10.93.

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.