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

First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Rating) declared a monthly dividend on Tuesday, May 24th, Wall Street Journal reports. Shareholders of record on Thursday, June 2nd will be given a dividend of 0.072 per share by the investment management company on Wednesday, June 15th. This represents a $0.86 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend is Wednesday, June 1st.

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

First Trust Senior Floating Rate Income Fund II stock traded down $0.04 during trading hours on Tuesday, hitting $11.00. The stock had a trading volume of 72,724 shares, compared to its average volume of 135,641. The company has a 50-day moving average of $12.21 and a two-hundred day moving average of $12.07. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $10.85 and a fifty-two week high of $13.07.

Institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. acquired a new position in First Trust Senior Floating Rate Income Fund II in the 1st quarter valued at approximately $140,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the 1st quarter worth approximately $142,000. Citadel Advisors LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the 4th quarter worth approximately $143,000. Susquehanna International Group LLP acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the 4th quarter worth approximately $273,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the 1st quarter worth approximately $281,000.

About First Trust Senior Floating Rate Income Fund II (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.

Further Reading

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

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