First Trust Senior Floating Rate Income Fund II (FCT) To Go Ex-Dividend on January 2nd

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Thursday, January 2nd will be given a dividend of 0.097 per share by the investment management company on Wednesday, January 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date of this dividend is Thursday, January 2nd.

First Trust Senior Floating Rate Income Fund II has increased its dividend by an average of 6.2% annually over the last three years.

First Trust Senior Floating Rate Income Fund II Trading Up 0.1 %

FCT opened at $10.47 on Tuesday. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.70 and a 52-week high of $10.93. The business’s 50-day simple moving average is $10.36 and its 200 day simple moving average is $10.30.

Insider Buying and Selling

In other news, insider James A. Bowen sold 3,955 shares of First Trust Senior Floating Rate Income Fund II stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $10.41, for a total transaction of $41,171.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

First Trust Senior Floating Rate Income Fund II Company Profile

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.