First Trust Senior Floating Rate Income Fund II Announces Monthly Dividend of $0.10 (NYSE:FCT)

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Tuesday, January 20th. Investors of record on Monday, February 2nd will be given a dividend of 0.097 per share by the investment management company on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Monday, February 2nd.

First Trust Senior Floating Rate Income Fund II Stock Down 0.5%

Shares of FCT stock opened at $10.03 on Wednesday. First Trust Senior Floating Rate Income Fund II has a 52-week low of $8.61 and a 52-week high of $10.49. The company has a 50-day simple moving average of $9.82 and a two-hundred day simple moving average of $9.92.

First Trust Senior Floating Rate Income Fund II Company Profile

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) is a diversified, closed-end management investment company that seeks to provide current income with preservation of capital. Listed on the New York Stock Exchange, the fund pursues its objective by investing primarily in senior floating rate loans and other floating rate debt instruments of U.S. and non-U.S. companies. As a closed-end vehicle, FCT issues a fixed number of common shares and may utilize leverage to enhance returns for shareholders.

Under normal market conditions, FCT allocates at least 80% of its managed assets to senior floating rate loans, which are typically secured obligations of corporate borrowers.