First Trust High Income Long/Short Fund About To Put More Money In Your Pocket (FSD)

Looking at the universe of stocks we cover at Dividend Channel, on 3/3/14, First Trust High Income Long/Short Fund (FSD) will trade ex-dividend, for its monthly dividend of $0.11, payable on 3/17/14. As a percentage of FSD's recent stock price of $17.82, this dividend works out to approximately 0.62%, so look for shares of First Trust High Income Long/Short Fund to trade 0.62% lower — all else being equal — when FSD shares open for trading on 3/3/14.

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Below is a dividend history chart for FSD, showing historical dividends prior to the most recent $0.11 declared by First Trust High Income Long/Short Fund:

FSD+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 FSD is likely to continue, and whether the current estimated yield of 7.41% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of FSD shares, versus its 200 day moving average:

First Trust High Income Long/Short Fund 200 Day Moving Average Chart

Looking at the chart above, FSD's low point in its 52 week range is $16.65 per share, with $19.26 as the 52 week high point — that compares with a last trade of $17.82.

In Thursday trading, First Trust High Income Long/Short Fund shares are currently trading flat on the day.

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