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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given 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 dividend 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 payment by an average of 23.5% annually over the last three years.

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

Shares of FCT traded down $0.02 during trading hours on Friday, hitting $10.39. 69,259 shares of the stock were exchanged, compared to its average volume of 117,381. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.76 and a fifty-two week high of $10.93. The business has a 50-day moving average of $10.38 and a 200-day moving average of $10.34.

Insider Buying and Selling

In related news, insider James A. Bowen sold 3,955 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $10.41, for a total transaction of $41,171.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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.