First Trust High Income Long/short Fund (NYSE:FSD) declared a monthly dividend on Thursday, June 20th, NASDAQ reports. Stockholders of record on Tuesday, July 2nd will be given a dividend of 0.105 per share on Monday, July 15th. This represents a $1.26 annualized dividend and a dividend yield of 8.45%. The ex-dividend date is Monday, July 1st.
First Trust High Income Long/short Fund has increased its dividend by an average of 1.6% per year over the last three years.
Shares of NYSE FSD traded down $0.11 during midday trading on Friday, hitting $14.92. 66,517 shares of the stock traded hands, compared to its average volume of 88,976. The stock has a 50-day moving average price of $14.76. First Trust High Income Long/short Fund has a one year low of $12.67 and a one year high of $15.14.
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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