First Trust High Income Long/short Fund (NYSE:FSD) announced a monthly dividend on Thursday, March 21st, Wall Street Journal reports. Shareholders of record on Tuesday, April 2nd will be given a dividend of 0.105 per share on Monday, April 15th. This represents a $1.26 dividend on an annualized basis and a yield of 8.68%. The ex-dividend date is Monday, April 1st.
First Trust High Income Long/short Fund has raised its dividend by an average of 1.6% per year over the last three years.
FSD stock opened at $14.52 on Friday. First Trust High Income Long/short Fund has a twelve month low of $12.67 and a twelve month high of $15.25.
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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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