First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) announced a monthly dividend on Wednesday, January 23rd, Wall Street Journal reports. Shareholders of record on Monday, February 4th will be paid a dividend of 0.06 per share by the investment management company on Friday, February 15th. This represents a $0.72 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Friday, February 1st.
First Trust Senior Fltng Rate Incm Fd II has decreased its dividend by an average of 6.5% per year over the last three years.
NYSE FCT traded up $0.04 on Wednesday, reaching $11.74. The stock had a trading volume of 209,116 shares, compared to its average volume of 136,254. First Trust Senior Fltng Rate Incm Fd II has a 12-month low of $10.85 and a 12-month high of $13.42.
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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.
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