First Trust High Income Long/Short Fund Declares Monthly Dividend of $0.11 (NYSE:FSD)

First Trust High Income Long/Short Fund (NYSE:FSD) announced a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Thursday, May 2nd will be paid a dividend of 0.105 per share on Wednesday, May 15th. This represents a $1.26 annualized dividend and a yield of 10.84%. The ex-dividend date of this dividend is Wednesday, May 1st.

First Trust High Income Long/Short Fund has decreased its dividend by an average of 1.5% annually over the last three years.

First Trust High Income Long/Short Fund Trading Up 1.8 %

NYSE FSD traded up $0.21 during trading on Tuesday, reaching $11.62. The company’s stock had a trading volume of 98,122 shares, compared to its average volume of 108,854. First Trust High Income Long/Short Fund has a twelve month low of $10.20 and a twelve month high of $12.09. The business’s fifty day moving average price is $11.71 and its 200-day moving average price is $11.43.

About First Trust High Income Long/Short Fund

First Trust High Income Long/Short Fund is a closed-ended fixed-income mutual fund launched and managed by First Trust Advisors, L.P. It is co-managed by MacKay Shields LLC. The fund invests in fixed-income markets across the globe. It primarily invests in high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade, including corporate bonds, debentures, notes, and commercial papers.