First Trust Senior Loan Fund (NASDAQ:FTSL) Increases Dividend to $0.23 Per Share

First Trust Senior Loan Fund (NASDAQ:FTSL – Get Rating) declared a monthly dividend on Thursday, October 20, Zacks reports. Investors of record on Monday, October 24 will receive a dividend of 0.228 per share on Monday, October 31. This represents an annualized dividend of $2.74 and a dividend yield of 6.18%. The ex-dividend date is Friday, October 21. This is an increase from the previous monthly dividend of $0.21 from the First Trust Senior Loan Fund.

First Trust Senior Loan Fund Share Performance

FTSL stock opened at $44.29 on Friday. The First Trust Senior Loan Fund has a 52-week minimum of $43.80 and a 52-week maximum of $48.13. The company’s 50-day simple moving average is $45.06 and its 200-day simple moving average is $45.43.

Institutional investors weigh in on First Trust senior loan fund

Institutional investors and hedge funds have recently been buying and selling shares of the company. PNC Financial Services Group Inc. increased its position in First Trust Senior Loan Fund by 74.3% during the first quarter. PNC Financial Services Group Inc. now owns 802 shares of the company worth $38,000 after purchasing an additional 342 shares during the period. KC Investment Advisors LLC bought a new equity position in the First Trust Senior Loan Fund in the first quarter for a value of approximately $260,000. Sawtooth Solutions LLC bought a new equity position in the First Trust Senior Loan Fund in the first quarter for a value of approximately $359,000. Captrust Financial Advisors increased its holdings of First Trust Senior Loan Fund shares by 563.6% in the second quarter. Captrust Financial Advisors now owns 10,836 shares of the company worth $478,000 after acquiring 9,203 additional shares in the last quarter. Finally, Equitable Holdings Inc. increased its holdings of First Trust Senior Loan Fund shares by 21.9% in the first quarter. Equitable Holdings Inc. now owns 15,399 shares of the company worth $725,000 after acquiring 2,763 additional shares in the last quarter.

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Dividend History for First Trust Senior Loan Fund (NASDAQ:FTSL)

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