First Trust Strategic High Income Fund II About To Put More Money In Your Pocket (FHY)

Looking at the universe of stocks we cover at Dividend Channel, on 3/3/14, First Trust Strategic High Income Fund II (FHY) will trade ex-dividend, for its monthly dividend of $0.12, payable on 3/17/14. As a percentage of FHY's recent stock price of $15.82, this dividend works out to approximately 0.76%, so look for shares of First Trust Strategic High Income Fund II to trade 0.76% lower — all else being equal — when FHY shares open for trading on 3/3/14.

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Below is a dividend history chart for FHY, showing historical dividends prior to the most recent $0.12 declared by First Trust Strategic High Income Fund II:

FHY+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 FHY is likely to continue, and whether the current estimated yield of 9.10% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of FHY shares, versus its 200 day moving average:

First Trust Strategic High Income Fund II 200 Day Moving Average Chart

Looking at the chart above, FHY's low point in its 52 week range is $14.85 per share, with $17.52 as the 52 week high point — that compares with a last trade of $15.82.

In Thursday trading, First Trust Strategic High Income Fund II shares are currently up about 0.7% on the day.

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