First Trust Senior Loan ETF (NASDAQ:FTSL) to Issue $0.23 Monthly Dividend

First Trust Senior Loan ETF (NASDAQ:FTSL) declared a monthly dividend on Thursday, August 20th, NASDAQ Dividends reports. Shareholders of record on Friday, August 21st will be given a dividend of 0.225 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, August 21st.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ:FTSL traded down $0.24 on Friday, hitting $44.76. The company had a trading volume of 233,030 shares, compared to its average volume of 288,355. The stock has a 50 day moving average price of $44.88 and a 200 day moving average price of $44.97. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.15.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.