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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Friday, December 20th,Wall Street Journal reports. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.097 per share by the investment management company on Wednesday, January 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date is Thursday, January 2nd.

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 Trading Up 0.2 %

FCT stock traded up $0.02 during trading on Friday, hitting $10.29. The stock had a trading volume of 205,523 shares, compared to its average volume of 124,929. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.70 and a twelve month high of $10.93. The company’s 50-day moving average price is $10.35 and its two-hundred day moving average price is $10.29.

Insider Activity at First Trust Senior Floating Rate Income Fund II

In related news, insider James A. Bowen sold 3,955 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.