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 Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.097 per share by the investment management company on Wednesday, January 15th. This represents a $1.16 annualized dividend and a dividend yield of 11.31%. The ex-dividend date of this dividend is Thursday, January 2nd.

First Trust Senior Floating Rate Income Fund II has increased its dividend by an average of 6.2% per year over the last three years.

First Trust Senior Floating Rate Income Fund II Stock Up 0.2 %

Shares of FCT stock opened at $10.29 on Friday. First Trust Senior Floating Rate Income Fund II has a 52 week low of $9.70 and a 52 week high of $10.93. The company has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $10.29.

Insider Transactions at First Trust Senior Floating Rate Income Fund II

In other First Trust Senior Floating Rate Income Fund II news, insider James A. Bowen sold 3,955 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $10.41, for a total transaction of $41,171.55. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.