First Trust Senior Floating Rate Income Fund II (FCT) To Go Ex-Dividend on January 2nd

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) announced a monthly dividend on Thursday, December 18th. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.097 per share by the investment management company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Friday, January 2nd.

First Trust Senior Floating Rate Income Fund II Price Performance

First Trust Senior Floating Rate Income Fund II stock opened at $10.01 on Friday. First Trust Senior Floating Rate Income Fund II has a 52 week low of $8.61 and a 52 week high of $10.59. The company’s 50 day moving average price is $9.67 and its two-hundred day moving average price is $9.90.

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.