First Trust Senior Floating Rate Income Fund II (FCT) to Issue Monthly Dividend of $0.10 on January 15th

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 paid a dividend of 0.097 per share by the investment management company on Wednesday, January 15th. This represents a $1.16 annualized dividend and a dividend yield of 11.31%. The ex-dividend date of this dividend is Thursday, January 2nd.

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

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of FCT stock opened at $10.29 on Friday. 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 company’s 50 day moving average price is $10.35 and its two-hundred day moving average price is $10.29.

Insider Buying and Selling

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

About First Trust Senior Floating Rate Income Fund II

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.