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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) declared a monthly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.097 per share by the investment management company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Monday, June 1st.

First Trust Senior Floating Rate Income Fund II Stock Down 0.1%

Shares of FCT stock opened at $9.74 on Thursday. First Trust Senior Floating Rate Income Fund II has a one year low of $9.40 and a one year high of $10.29. The company’s 50-day simple moving average is $9.70 and its 200-day simple moving average is $9.79.

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.