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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 11.20%. The ex-dividend date of this dividend is Monday, February 3rd.

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

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of FCT stock opened at $10.39 on Thursday. First Trust Senior Floating Rate Income Fund II has a 1 year low of $9.76 and a 1 year high of $10.93. The firm has a fifty day moving average price of $10.36 and a 200-day moving average price of $10.32.

Insider Activity at First Trust Senior Floating Rate Income Fund II

In other First Trust Senior Floating Rate Income Fund II news, insider James A. Bowen sold 3,955 shares of the firm’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 legal filing with the SEC, which is accessible 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.