First Trust High Income Long/Short Fund (NYSE:FSD – Get Free Report) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Thursday, May 2nd will be paid a dividend of 0.105 per share on Wednesday, May 15th. This represents a $1.26 annualized dividend and a yield of 10.84%. The ex-dividend date is Wednesday, May 1st.
First Trust High Income Long/Short Fund has decreased its dividend by an average of 1.5% annually over the last three years.
First Trust High Income Long/Short Fund Stock Performance
Shares of FSD opened at $11.62 on Wednesday. First Trust High Income Long/Short Fund has a fifty-two week low of $10.20 and a fifty-two week high of $12.09. The firm has a 50 day moving average price of $11.70 and a 200-day moving average price of $11.43.
First Trust High Income Long/Short Fund Company Profile
First Trust High Income Long/Short Fund is a closed-ended fixed-income mutual fund launched and managed by First Trust Advisors, L.P. It is co-managed by MacKay Shields LLC. The fund invests in fixed-income markets across the globe. It primarily invests in high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade, including corporate bonds, debentures, notes, and commercial papers.
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