First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Announces Monthly Dividend of $0.07

First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Rating) announced a monthly dividend on Tuesday, September 20th, Wall Street Journal reports. Stockholders of record on Tuesday, October 4th will be paid a dividend of 0.0695 per share by the investment management company on Monday, October 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date is Monday, October 3rd. This is a boost from First Trust Senior Floating Rate Income Fund II’s previous monthly dividend of $0.07.

First Trust Senior Floating Rate Income Fund II has increased its dividend payment by an average of 14.7% per year over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of NYSE:FCT opened at $9.85 on Thursday. The business has a fifty day moving average of $10.30 and a 200-day moving average of $11.06. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.53 and a twelve month high of $13.07.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in First Trust Senior Floating Rate Income Fund II by 3.3% in the first quarter. Bank of America Corp DE now owns 1,334,152 shares of the investment management company’s stock worth $16,770,000 after purchasing an additional 43,244 shares during the period. Guggenheim Capital LLC boosted its holdings in First Trust Senior Floating Rate Income Fund II by 100.4% during the first quarter. Guggenheim Capital LLC now owns 442,910 shares of the investment management company’s stock worth $5,567,000 after buying an additional 221,853 shares during the last quarter. Royal Bank of Canada boosted its holdings in First Trust Senior Floating Rate Income Fund II by 8.2% during the first quarter. Royal Bank of Canada now owns 152,743 shares of the investment management company’s stock worth $1,920,000 after buying an additional 11,523 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in First Trust Senior Floating Rate Income Fund II by 63.8% during the first quarter. Advisors Asset Management Inc. now owns 113,447 shares of the investment management company’s stock worth $1,426,000 after buying an additional 44,200 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in First Trust Senior Floating Rate Income Fund II by 110.7% during the first quarter. Raymond James & Associates now owns 89,935 shares of the investment management company’s stock worth $1,130,000 after buying an additional 47,260 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Company Profile

(Get Rating)

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.

Featured Stories

Dividend History for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

Receive News & Ratings for First Trust Senior Floating Rate Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Senior Floating Rate Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.