Ex-Div Reminder for First Trust Senior Floating Rate Income Fund II (FCT)

Looking at the universe of stocks we cover at Dividend Channel, on 3/3/14, First Trust Senior Floating Rate Income Fund II ( FCT) will trade ex-dividend, for its monthly dividend of $0.075, payable on 3/17/14. As a percentage of FCT's recent stock price of $14.32, this dividend works out to approximately 0.52%, so look for shares of First Trust Senior Floating Rate Income Fund II to trade 0.52% lower — all else being equal — when FCT shares open for trading on 3/3/14.

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Below is a dividend history chart for FCT, showing historical dividends prior to the most recent $0.075 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 6.28% 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 $13.89 per share, with $16.85 as the 52 week high point — that compares with a last trade of $14.32.

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

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