First Trust High Income Long/short Fund (NYSE:FSD) announced a monthly dividend on Thursday, September 21st, Wall Street Journal reports. Shareholders of record on Tuesday, October 3rd will be paid a dividend of 0.1266 per share on Monday, October 16th. This represents a $1.52 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date is Monday, October 2nd.

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

Shares of First Trust High Income Long/short Fund (NYSE:FSD) opened at 17.02 on Friday. The firm’s 50-day moving average is $16.91 and its 200-day moving average is $16.97. First Trust High Income Long/short Fund has a 52 week low of $14.91 and a 52 week high of $18.12.

In related news, major shareholder Saba Capital Management, L.P. sold 295,309 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $17.06, for a total transaction of $5,037,971.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 347,293 shares of company stock valued at $5,927,368.

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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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