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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.097 per share by the investment management company on Tuesday, February 18th. This represents a $1.16 annualized dividend and a dividend yield of 11.20%. The ex-dividend date is Monday, February 3rd.

First Trust Senior Floating Rate Income Fund II has raised its dividend by an average of 24.5% per year over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of NYSE FCT traded up $0.02 during trading hours on Wednesday, hitting $10.39. 67,178 shares of the stock were exchanged, compared to its average volume of 171,844. The company’s fifty day simple moving average is $10.36 and its two-hundred day simple moving average is $10.32. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.76 and a 1-year high of $10.93.

Insider Buying and Selling at First Trust Senior Floating Rate Income Fund II

In other news, insider James A. Bowen sold 3,955 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About First Trust Senior Floating Rate Income Fund II

First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.