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 Tuesday, January 20th. Shareholders of record on Monday, February 2nd will be paid a dividend of 0.097 per share by the investment management company on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Monday, February 2nd.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE FCT traded down $0.04 during trading on Wednesday, hitting $10.05. 9,150 shares of the company traded hands, compared to its average volume of 137,717. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $8.61 and a fifty-two week high of $10.49. The business’s fifty day moving average is $9.82 and its 200 day moving average is $9.92.

About First Trust Senior Floating Rate Income Fund II

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.