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

Posted by Alphonse Anthony on Feb 22nd, 2025

First Trust Senior Floating Rate Income Fund II (NYSE:FCT – Get Free Report) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.097 per share by the investment management company on Monday, March 17th. This represents a $1.16 annualized dividend and a yield of 11.21%. The ex-dividend date of this dividend is Monday, March 3rd.

First Trust Senior Floating Rate Income Fund II has raised its dividend by an average of 23.5% annually over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of NYSE:FCT opened at $10.39 on Friday. The firm has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $10.34. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.76 and a twelve month high of $10.93.

Insider Activity at First Trust Senior Floating Rate Income Fund II

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

About First Trust Senior Floating Rate Income Fund II

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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.