Cash Dividend On The Way From First Trust Senior Floating Rate Income Fund II (FCT)

Looking at the universe of stocks we cover at Dividend Channel, on 11/1/13, First Trust Senior Floating Rate Income Fund II (FCT) will trade ex-dividend, for its monthly dividend of $0.08, payable on 11/15/13. As a percentage of FCT's recent stock price of $14.58, this dividend works out to approximately 0.55%, so look for shares of First Trust Senior Floating Rate Income Fund II to trade 0.55% lower — all else being equal — when FCT shares open for trading on 11/1/13.

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Below is a dividend history chart for FCT, showing historical dividends prior to the most recent $0.08 declared by First Trust Senior Floating Rate Income Fund II:

FCT+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FCT is likely to continue, and whether the current estimated yield of 6.58% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of FCT shares, versus its 200 day moving average:

First Trust Senior Floating Rate Income Fund II 200 Day Moving Average Chart

Looking at the chart above, FCT's low point in its 52 week range is $13.90 per share, with $16.85 as the 52 week high point — that compares with a last trade of $14.58.

In Wednesday trading, First Trust Senior Floating Rate Income Fund II shares are currently up about 0.1% on the day.

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