First Trust Senior Loan ETF Plans Monthly Dividend of $0.24 (NASDAQ:FTSL)

First Trust Senior Loan ETF (NASDAQ:FTSL) announced a monthly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be paid a dividend of 0.235 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Thursday, March 26th.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ:FTSL traded down $0.33 during trading on Thursday, hitting $44.67. 233,173 shares of the stock were exchanged, compared to its average volume of 333,625. First Trust Senior Loan ETF has a 1-year low of $44.30 and a 1-year high of $46.19. The company’s fifty day simple moving average is $45.24 and its 200-day simple moving average is $45.67.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.