First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Announces Monthly Dividend of $0.07

First Trust Senior Floating Rate Income Fund II (NYSE:FCTGet Rating) announced a monthly dividend on Tuesday, June 21st, Zacks reports. Stockholders of record on Tuesday, July 5th will be given a dividend of 0.072 per share by the investment management company on Friday, July 15th. This represents a $0.86 annualized dividend and a dividend yield of 8.41%. The ex-dividend date of this dividend is Friday, July 1st.

First Trust Senior Floating Rate Income Fund II has increased its dividend payment by an average of 14.7% annually over the last three years.

FCT stock opened at $10.27 on Thursday. The company’s 50 day simple moving average is $11.43 and its 200-day simple moving average is $11.85. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.98 and a 12 month high of $13.07.

Several hedge funds have recently added to or reduced their stakes in FCT. Guggenheim Capital LLC grew its position in shares of First Trust Senior Floating Rate Income Fund II by 100.4% in the first quarter. Guggenheim Capital LLC now owns 442,910 shares of the investment management company’s stock valued at $5,567,000 after purchasing an additional 221,853 shares during the last quarter. Raymond James & Associates lifted its stake in shares of First Trust Senior Floating Rate Income Fund II by 110.7% during the first quarter. Raymond James & Associates now owns 89,935 shares of the investment management company’s stock valued at $1,130,000 after buying an additional 47,260 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of First Trust Senior Floating Rate Income Fund II by 63.8% during the first quarter. Advisors Asset Management Inc. now owns 113,447 shares of the investment management company’s stock valued at $1,426,000 after buying an additional 44,200 shares during the period. Bank of America Corp DE lifted its stake in shares of First Trust Senior Floating Rate Income Fund II by 3.3% during the first quarter. Bank of America Corp DE now owns 1,334,152 shares of the investment management company’s stock valued at $16,770,000 after buying an additional 43,244 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of First Trust Senior Floating Rate Income Fund II during the first quarter valued at approximately $281,000.

First Trust Senior Floating Rate Income Fund II Company Profile (Get Rating)

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.

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Dividend History for First Trust Senior Floating Rate Income Fund II (NYSE:FCT)

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