First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Announces $0.08 Monthly Dividend

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Thursday, June 18th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.0813 per share by the investment management company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

First Trust Senior Floating Rate Income Fund II Stock Down 0.0%

NYSE:FCT opened at $9.61 on Friday. The business’s 50 day moving average is $9.70 and its two-hundred day moving average is $9.80. First Trust Senior Floating Rate Income Fund II has a 52 week low of $9.40 and a 52 week high of $10.29.

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.