First Trust Enhanced Equity Income Fund (FFA) Plans Quarterly Dividend of $0.29
First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Tuesday, June 13th, Wall Street Journal reports. Stockholders of record on Monday, June 26th will be paid a dividend of 0.285 per share on Friday, June 30th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date of this dividend is Thursday, June 22nd. This is a boost from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.25.
First Trust Enhanced Equity Income Fund has increased its dividend payment by an average of 2.0% annually over the last three years.
First Trust Enhanced Equity Income Fund (NYSE FFA) traded down 0.20% during midday trading on Friday, reaching $14.97. 65,255 shares of the company were exchanged. The company has a 50-day moving average of $14.80 and a 200 day moving average of $14.32. First Trust Enhanced Equity Income Fund has a 52 week low of $12.59 and a 52 week high of $15.15.
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About First Trust Enhanced Equity Income Fund
First Trust Enhanced Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund invests in a diversified portfolio of equity securities.
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