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    First Trust Senior Floating Rate Income Fund II (FCT)

    Price:

    10.16 USD

    ( + 0.05 USD)

    Your position:

    0 USD

    ACTION PANEL
    CREATE A NOTE
    ABOUT
    Symbol
    FCT
    Name
    First Trust Senior Floating Rate Income Fund II
    Industry
    Asset Management - Income
    Sector
    Financial Services
    Price
    10.160
    Market Cap
    263.991M
    Enterprise value
    310.449M
    Currency
    USD
    Ceo
    Daniel Joel Lindquist
    Full Time Employees
    Ipo Date
    2004-05-26
    City
    Wheaton
    Address
    120 East Liberty Drive

    Check the

    KEY TAKEAWAYS

    ASK OUR AI ABOUT THE COMPANY (REGISTER FOR EARLY ACCESS)
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    (REGISTER FOR EARLY ACCESS) CHOOSE A PROMPT ABOVE TO ASK OUR AI ABOUT THE SPECIFIC INFORMATION

    SIMILAR COMPANIES STI SCORE

    Similar STI Score

    Abrdn Income Credit Strategies Fund

    VALUE SCORE:

    6

    Symbol
    ACP-PA
    Market Cap
    2.631B
    Industry
    Asset Management - Income
    Sector
    Financial Services

    2nd position

    Nuveen Quality Municipal Income Fund

    VALUE SCORE:

    13

    Symbol
    NAD
    Market Cap
    2.628B
    Industry
    Asset Management - Income
    Sector
    Financial Services

    The best

    Nuveen AMT-Free Quality Municipal Income Fund

    VALUE SCORE:

    13

    Symbol
    NEA
    Market Cap
    3.259B
    Industry
    Asset Management - Income
    Sector
    Financial Services
    FUNDAMENTALS
    P/E
    11.001
    P/S
    9.496
    P/B
    0.960
    Debt/Equity
    0.196
    EV/FCF
    5.399
    Price to operating cash flow
    -1.000
    Price to free cash flow
    -1.000
    EV/sales
    11.401
    Earnings yield
    0.091
    Debt/assets
    0.152
    FUNDAMENTALS
    Net debt/ebidta
    0
    Interest coverage
    0
    Research And Developement To Revenue
    0
    Intangile to total assets
    0
    Capex to operating cash flow
    0.000
    Capex to revenue
    0.000
    Capex to depreciation
    0
    Return on tangible assets
    0.067
    Debt to market cap
    0.205
    Piotroski Score
    6.000
    FUNDAMENTALS
    PEG
    -0.426
    P/CF
    4.497
    P/FCF
    4.497
    RoA %
    6.735
    RoIC %
    7.483
    Gross Profit Margin %
    89.578
    Quick Ratio
    0.369
    Current Ratio
    0.369
    Net Profit Margin %
    86.328
    Net-Net
    -2.836
    FUNDAMENTALS PER SHARE
    FCF per share
    2.259
    Revenue per share
    1.070
    Net income per share
    0.924
    Operating cash flow per share
    2.259
    Free cash flow per share
    2.259
    Cash per share
    0.040
    Book value per share
    10.579
    Tangible book value per share
    10.579
    Shareholders equity per share
    10.579
    Interest debt per share
    2.078
    TECHNICAL
    52 weeks high
    10.930
    52 weeks low
    8.610
    Current trading session High
    10.170
    Current trading session Low
    10.040
    DIVIDEND
    Dividend yield
    11.5%
    Payout ratio
    98.3%
    Years of div. Increase
    2.000
    Years of div.
    22.000
    Q-shift
    Dividend per share
    1.164
    SIMILAR COMPANIES
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.089465156%
    Payout Ratio
    96.3098%
    P/E
    9.615
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0.08805165%
    Payout Ratio
    95.47457%
    P/E
    9.935
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0.09735269%
    Payout Ratio
    0%
    P/E
    24.141
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.08892562%
    Payout Ratio
    95.830476%
    P/E
    8.409
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.099097475%
    Payout Ratio
    115.38189999999999%
    P/E
    10.152
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.11232653%
    Payout Ratio
    131.00117%
    P/E
    9.541
    DESCRIPTION

    First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as First Trust/Four Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States.

    NEWS
    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-20250820.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for September

    businesswire.com

    2025-08-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on September 15, 2025, to shareholders of record as of September 2, 2025. The ex-dividend date is expected to be September 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share.

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-20250721.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for August

    businesswire.com

    2025-07-21 16:10:00

    WHEATON, Ill--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on August 15, 2025, to shareholders of record as of August 1, 2025. The ex-dividend date is expected to be August 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 D.

    https://images.financialmodelingprep.com/news/fct-nav-destruction-is-a-big-problem-as-this-fund-20250624.jpg
    FCT: NAV Destruction Is A Big Problem As This Fund Tries To Sustain Its Distribution

    seekingalpha.com

    2025-06-24 15:53:26

    First Trust Senior Floating Rate Income Fund II offers an attractive 11.68% yield, but that yield is unsustainable as the fund fails to cover distributions after recent Fed rate cuts. The FCT fund's net asset value is declining, indicating distributions are being paid from capital, not income, and a distribution cut is likely imminent. Peer funds have already cut distributions and suffered share price declines; FCT investors risk both income reduction and capital loss if they buy now.

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-20250618.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for July

    businesswire.com

    2025-06-18 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on July 15, 2025, to shareholders of record as of July 1, 2025. The ex-dividend date is expected to be July 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT):     Distribution per share:   $0.097.

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-its-20250520.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for June

    businesswire.com

    2025-05-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on June 16, 2025, to shareholders of record as of June 2, 2025. The ex-dividend date is expected to be June 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Distri.

    https://images.financialmodelingprep.com/news/fct-partners-with-interac-to-transform-identity-verification-in-20250512.jpg
    FCT Partners with Interac to Transform Identity Verification in Real Estate Transactions

    businesswire.com

    2025-05-12 08:00:00

    OAKVILLE, Ontario--(BUSINESS WIRE)--FCT, Canada's leading provider of title insurance and real estate technology, today announced an agreement with Interac Corp. (Interac) to integrate the Interac Verified™ credential service into FCT's real estate technology solutions. The agreement and pending integration set the stage for broader adoption of secure and reusable digital identity credentials across the Canadian real estate ecosystem, marking a major step toward a national standard for digitall.

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-20250421.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for May

    businesswire.com

    2025-04-21 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on May 15, 2025, to shareholders of record as of May 1, 2025. The ex-dividend date is expected to be May 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Distribut.

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-its-20250320.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for April

    businesswire.com

    2025-03-20 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on April 15, 2025, to shareholders of record as of April 1, 2025. The ex-dividend date is expected to be April 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT):               Distribution per sha.

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-20241219.jpg
    First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution of $0.097 Per Share for January

    businesswire.com

    2024-12-19 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on January 15, 2025, to shareholders of record as of January 2, 2025. The ex-dividend date is expected to be January 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: .

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-its-20241120.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for December

    businesswire.com

    2024-11-20 17:50:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on December 16, 2024, to shareholders of record as of December 2, 2024. The ex-dividend date is expected to be December 2, 2024. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT):               Distributio.

    https://images.financialmodelingprep.com/news/these-10-dividend-stocks-are-generating-520-in-dividend-20241101.jpg
    These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

    247wallst.com

    2024-11-01 11:36:16

    According to

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-20241021.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for November

    businesswire.com

    2024-10-21 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on November 15, 2024, to shareholders of record as of November 1, 2024. The ex-dividend date is expected to be November 1, 2024. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT):       Distribution per sh.

    https://images.financialmodelingprep.com/news/first-trust-senior-floating-rate-income-fund-ii-declares-20240919.jpg
    First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for October

    businesswire.com

    2024-09-19 16:10:00

    WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on October 15, 2024, to shareholders of record as of October 1, 2024. The ex-dividend date is expected to be October 1, 2024. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.0.

    https://images.financialmodelingprep.com/news/need-15000-passive-income-buy-these-dividend-stocks-20240831.jpg
    Need $15,000 Passive Income? Buy These Dividend Stocks

    247wallst.com

    2024-08-31 11:01:02

    24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

    https://images.financialmodelingprep.com/news/fct-no-longer-an-attractive-entry-point-into-this-20240731.jpg
    FCT: No Longer An Attractive Entry Point Into This Low Leverage CEF (Rating Downgrade)

    seekingalpha.com

    2024-07-31 23:40:59

    The First Trust Senior Floating Rate Income Fund II has performed well due to its floating rate collateral in a rising interest rate environment. However, with anticipated Fed rate cuts, the fund's performance is expected to slow down as floating rate assets become less attractive. The fund's historical performance in low interest rate environments is not impressive.

    https://images.financialmodelingprep.com/news/fujifilm-launches-128slice-computed-tomography-system-fct-istream-with-20240625.jpg
    Fujifilm Launches 128-Slice Computed Tomography System, FCT iStream, with Vision Modeling Iterative Reconstruction

    globenewswire.com

    2024-06-25 06:15:00

    System is aimed at the hospital and outpatient market and incorporates features to improve image quality and workflow, and reduce patient dose System is aimed at the hospital and outpatient market and incorporates features to improve image quality and workflow, and reduce patient dose