First Trust High Income Long/short Fund (FSD) Declares Dividend Increase – $0.12 Per Share
First Trust High Income Long/short Fund (NYSE:FSD) announced a monthly dividend on Friday, April 21st. Shareholders of record on Wednesday, May 3rd will be paid a dividend of 0.124 per share on Monday, May 15th. This represents a $1.49 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend is Monday, May 1st. This is an increase from First Trust High Income Long/short Fund’s previous monthly dividend of $0.12.
First Trust High Income Long/short Fund has decreased its dividend by an average of 8.6% per year over the last three years.
Shares of First Trust High Income Long/short Fund (NYSE:FSD) traded up 0.30% during midday trading on Friday, reaching $16.92. 84,709 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $16.69 and its 200 day moving average price is $16.17. First Trust High Income Long/short Fund has a one year low of $14.38 and a one year high of $17.10.
First Trust High Income Long/short Fund Company Profile
First Trust High Income Long/Short Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of the United States and foreign, including emerging markets high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase.
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