First Trust Senior Floating Rate Income Fund II Dividend
Dividend criteria checks 4/6
First Trust Senior Floating Rate Income Fund II is a dividend paying company with a current yield of 10.99%. Next payment date is on 15th May, 2024 with an ex-dividend date of 1st May, 2024.
Key information
11.0%
Dividend yield
93%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | 15 May 24 |
| Ex dividend date | 01 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$1.12 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
FCT: 11% Yield, Monthly Payer
Apr 14FCT: Protect Your Recent Gains And Boost Your Income With This Floater Fund
Jan 08FCT: Low Leverage Floating Rate Loan Fund, 11% Yield (Rating Upgrade)
Oct 10FCT: Low Leverage Floating Loan CEF, 8.2% Yield
Feb 17First Trust Senior Floating Rate Income Fund II declares $0.0695 dividend
Jan 23First Trust Senior Floating Rate Income Fund II declares $0.0695 dividend
Dec 20First Trust Senior Floating Rate Income Fund II goes ex-dividend on Monday
Sep 30First Trust Senior Floating Rate Income Fund II declares $0.072 dividend
Aug 22First Trust Senior Floating Rate Income Fund II declares goes ex dividend tomorrow
Jul 29FCT: Senior Loan Floating Rate Funds Make Sense Now
May 23First Trust Senior Floating Rate Income Fund II declares $0.0976 dividend
Jun 21First Trust Senior Floating Rate Income Fund II declares $0.105 dividend
Dec 21First Trust Senior Floating Rate Income Fund II declares $0.105 dividend
Nov 19Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FCT's dividends per share have been stable in the past 10 years.
Growing Dividend: FCT's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| First Trust Senior Floating Rate Income Fund II Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FCT) | 11.0% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.4% |
| Analyst forecast in 3 Years (FCT) | n/a |
Notable Dividend: FCT's dividend (10.99%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: FCT's dividend (10.99%) is in the top 25% of dividend payers in the US market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (93.2%), FCT's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (283.9%), FCT's dividend payments are not well covered by cash flows.