First Trust Senior Loan ETF Plans Monthly Dividend of $0.23 (NASDAQ:FTSL)

First Trust Senior Loan ETF (NASDAQ:FTSL) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Tuesday, July 21st will be given a dividend of 0.225 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Senior Loan ETF Stock Down 0.4%

FTSL traded down $0.19 on Tuesday, reaching $44.76. 151,703 shares of the company’s stock were exchanged, compared to its average volume of 304,621. First Trust Senior Loan ETF has a twelve month low of $44.37 and a twelve month high of $46.15. The company’s 50 day moving average is $44.94 and its 200-day moving average is $45.14.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.