First Trust High Income Long/short Fund (FSD) Declares Dividend Increase – $0.13 Per Share

First Trust High Income Long/short Fund (NYSE:FSD) announced a monthly dividend on Wednesday, June 21st, Wall Street Journal reports. Investors of record on Thursday, July 6th will be given a dividend of 0.1255 per share on Monday, July 17th. This represents a $1.51 annualized dividend and a dividend yield of 8.83%. The ex-dividend date of this dividend is Monday, July 3rd. This is a positive change from First Trust High Income Long/short Fund’s previous monthly dividend of $0.12.

First Trust High Income Long/short Fund has decreased its dividend by an average of 8.6% per year over the last three years.

Shares of First Trust High Income Long/short Fund (FSD) opened at 17.065 on Tuesday. First Trust High Income Long/short Fund has a 52-week low of $14.91 and a 52-week high of $18.12. The company’s 50 day moving average price is $17.18 and its 200 day moving average price is $16.77.

In other First Trust High Income Long/short Fund news, major shareholder Saba Capital Management, L.P. sold 52,294 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $17.24, for a total transaction of $901,548.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 184,011 shares of company stock valued at $3,166,482.

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About First Trust High Income Long/short Fund

First Trust High Income Long/Short Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of the United States and foreign, including emerging markets high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase.

Dividend History for First Trust High Income Long/short Fund (NYSE:FSD)

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