First Trust Senior Fltng Rate Incm Fd II (NYSE:FCT) announced a monthly dividend on Monday, July 20th, Zacks reports. Stockholders of record on Tuesday, August 4th will be paid a dividend of 0.105 per share by the investment management company on Monday, August 17th. This represents a $1.26 annualized dividend and a dividend yield of 11.59%. The ex-dividend date is Monday, August 3rd.
First Trust Senior Fltng Rate Incm Fd II has decreased its dividend payment by an average of 2.0% annually over the last three years and has increased its dividend every year for the last 1 years.
Shares of FCT stock opened at $10.87 on Friday. The stock has a fifty day moving average price of $10.91 and a 200 day moving average price of $11.04. First Trust Senior Fltng Rate Incm Fd II has a 1 year low of $6.80 and a 1 year high of $12.79.
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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