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 Wednesday, May 20th. Stockholders of record on Monday, June 1st will be given a dividend of 0.097 per share by the investment management company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Monday, June 1st.

First Trust Senior Floating Rate Income Fund II Stock Performance

FCT opened at $9.74 on Thursday. The business has a fifty day moving average of $9.70 and a 200 day moving average of $9.79. First Trust Senior Floating Rate Income Fund II has a 52-week low of $9.40 and a 52-week high of $10.29.

Hedge Funds Weigh In On First Trust Senior Floating Rate Income Fund II

A number of large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in First Trust Senior Floating Rate Income Fund II by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 40,891 shares of the investment management company’s stock valued at $415,000 after acquiring an additional 1,024 shares during the period. Genesis Financial Group LLC boosted its holdings in First Trust Senior Floating Rate Income Fund II by 3.6% during the 1st quarter. Genesis Financial Group LLC now owns 43,114 shares of the investment management company’s stock valued at $416,000 after acquiring an additional 1,507 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Senior Floating Rate Income Fund II by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 65,666 shares of the investment management company’s stock valued at $633,000 after acquiring an additional 2,288 shares during the period. NWF Advisory Services Inc. boosted its holdings in First Trust Senior Floating Rate Income Fund II by 9.7% during the 3rd quarter. NWF Advisory Services Inc. now owns 26,537 shares of the investment management company’s stock valued at $265,000 after acquiring an additional 2,350 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust Senior Floating Rate Income Fund II by 12.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 31,396 shares of the investment management company’s stock valued at $314,000 after acquiring an additional 3,373 shares during the period.

About First Trust Senior Floating Rate Income Fund II

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.