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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Thursday, February 19th. Investors of record on Monday, March 2nd will be paid a dividend of 0.097 per share by the investment management company on Monday, March 16th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Monday, March 2nd.

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

NYSE:FCT traded up $0.01 on Friday, reaching $10.00. 16,427 shares of the stock traded hands, compared to its average volume of 108,184. First Trust Senior Floating Rate Income Fund II has a 12 month low of $8.61 and a 12 month high of $10.43. The company’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $9.89.

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.