FHY Ex-Dividend Reminder - 10/1/14

Looking at the universe of stocks we cover at Dividend Channel, on 10/1/14, First Trust Strategic High Income Fund II (FHY) will trade ex-dividend, for its monthly dividend of $0.12, payable on 10/15/14. As a percentage of FHY's recent stock price of $15.34, this dividend works out to approximately 0.78%, so look for shares of First Trust Strategic High Income Fund II to trade 0.78% lower — all else being equal — when FHY shares open for trading on 10/1/14.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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 9.39% 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 $15.04 per share, with $16.44 as the 52 week high point — that compares with a last trade of $15.30.

In Monday trading, First Trust Strategic High Income Fund II shares are currently off about 0.3% on the day.

More from Stocks

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Stocks Finish Higher After Release of Fed Minutes

Stocks Finish Higher After Release of Fed Minutes

Has Wall Street Completely Lost Its Mind on General Electric?

Has Wall Street Completely Lost Its Mind on General Electric?