Reminder - First Trust High Income Long/Short Fund (FSD) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 6/1/15, First Trust High Income Long/Short Fund (FSD) will trade ex-dividend, for its monthly dividend of $0.1065, payable on 6/15/15. As a percentage of FSD's recent stock price of $16.32, this dividend works out to approximately 0.65%, so look for shares of First Trust High Income Long/Short Fund to trade 0.65% lower — all else being equal — when FSD shares open for trading on 6/1/15.

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Below is a dividend history chart for FSD, showing historical dividends prior to the most recent $0.1065 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 7.83% 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 $15.37 per share, with $18.22 as the 52 week high point — that compares with a last trade of $16.35.

In Thursday trading, First Trust High Income Long/Short Fund shares are currently down about 0.1% on the day.

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