FCT Ex-Dividend Reminder - 10/1/14

Looking at the universe of stocks we cover at Dividend Channel, on 10/1/14, First Trust Senior Floating Rate Income Fund II ( FCT) will trade ex-dividend, for its monthly dividend of $0.068, payable on 10/15/14. As a percentage of FCT's recent stock price of $13.54, this dividend works out to approximately 0.50%.

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Below is a dividend history chart for FCT, showing historical dividends prior to the most recent $0.068 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 6.03% 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 $13.48 per share, with $14.82 as the 52 week high point — that compares with a last trade of $13.54.

In Monday trading, First Trust Senior Floating Rate Income Fund II shares are currently down about 0.2% on the day.

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