Reminder - First Trust Strategic High Income Fund II (FHY) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 7/1/15, First Trust Strategic High Income Fund II (FHY) will trade ex-dividend, for its monthly dividend of $0.11, payable on 7/15/15. As a percentage of FHY's recent stock price of $13.02, this dividend works out to approximately 0.84%, so look for shares of First Trust Strategic High Income Fund II to trade 0.84% lower — all else being equal — when FHY shares open for trading on 7/1/15.

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Below is a dividend history chart for FHY, showing historical dividends prior to the most recent $0.11 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 10.14% 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 $13.02 per share, with $16.35 as the 52 week high point — that compares with a last trade of $13.02.

In Monday trading, First Trust Strategic High Income Fund II shares are currently down about 1% on the day.

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