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.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/07/16/first-trust-enhanced-equity-income-fund-ffa-to-issue-dividend-increase-0-29-per-share-updated-updated-updated.html.

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.

Receive News & Stock Ratings for First Trust Enhanced Equity Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Enhanced Equity Income Fund and related stocks with our FREE daily email newsletter.