First Trust Senior Floating Rate Income Fund II (FCT) to Issue Monthly Dividend of $0.07 on December 15th

First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Rating) declared a monthly dividend on Monday, November 21st, Wall Street Journal reports. Shareholders of record on Friday, December 2nd will be given a dividend of 0.0695 per share by the investment management company on Thursday, December 15th. This represents a $0.83 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date is Thursday, December 1st.

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

First Trust Senior Floating Rate Income Fund II Stock Up 1.4 %

NYSE FCT opened at $10.02 on Wednesday. The firm’s 50-day moving average is $9.84 and its two-hundred day moving average is $10.25. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.46 and a 12 month high of $13.07.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FCT. Guggenheim Capital LLC lifted its position in First Trust Senior Floating Rate Income Fund II by 100.4% in the first quarter. Guggenheim Capital LLC now owns 442,910 shares of the investment management company’s stock valued at $5,567,000 after buying an additional 221,853 shares during the last quarter. Raymond James & Associates increased its stake 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 purchasing an additional 47,260 shares during the period. Advisors Asset Management Inc. increased its stake 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 purchasing an additional 44,200 shares during the period. Bank of America Corp DE increased its stake in First Trust Senior Floating Rate Income Fund II by 3.3% during 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. Finally, Goldman Sachs Group Inc. purchased a new stake in First Trust Senior Floating Rate Income Fund II during the first quarter worth about $281,000.

About First Trust Senior Floating Rate Income Fund II

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

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