First Trust High Income Long/short Fund (NYSE:FSD) declared a monthly dividend on Monday, July 20th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.11 per share on Monday, August 17th. This represents a $1.32 dividend on an annualized basis and a yield of 9.42%. The ex-dividend date is Monday, August 3rd.
First Trust High Income Long/short Fund has increased its dividend payment by an average of 10.3% annually over the last three years.
NYSE FSD opened at $14.02 on Friday. The business has a 50 day simple moving average of $13.43 and a 200 day simple moving average of $13.71. First Trust High Income Long/short Fund has a 52-week low of $9.55 and a 52-week high of $16.01.
First Trust High Income Long/Short Fund is a closed-ended fixed-income mutual fund launched and managed by First Trust Advisors, L.P. It is co-managed by MacKay Shields LLC. The fund invests in fixed-income markets across the globe. It primarily invests in high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade, including corporate bonds, debentures, notes, and commercial papers.
Further Reading: How can you know how many shares are floating?
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