First Trust MLP and Energy Income Fund (NYSE:FEI) declared a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Tuesday, July 2nd will be paid a dividend of 0.10 per share on Monday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date is Monday, July 1st.
First Trust MLP and Energy Income Fund has decreased its dividend by an average of 1.1% per year over the last three years.
Shares of NYSE FEI traded up $0.10 during midday trading on Friday, reaching $12.09. The company’s stock had a trading volume of 123,023 shares, compared to its average volume of 160,969. First Trust MLP and Energy Income Fund has a 12-month low of $9.10 and a 12-month high of $13.68. The firm has a 50 day moving average price of $11.76.
First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors.
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