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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Thursday, March 19th. Stockholders of record on Wednesday, April 1st will be paid a dividend of 0.097 per share by the investment management company on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, April 1st.

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

NYSE:FCT opened at $9.72 on Friday. First Trust Senior Floating Rate Income Fund II has a 52-week low of $8.61 and a 52-week high of $10.30. The stock’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $9.85.

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.