First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) declared a monthly dividend on Tuesday, January 23rd, Wall Street Journal reports. Stockholders of record on Friday, February 2nd will be paid a dividend of 0.105 per share by the investment management company on Thursday, February 15th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date of this dividend is Thursday, February 1st. This is a positive change from First Trust New Opprtnts MLP & Engy Fd’s previous monthly dividend of $0.10.

First Trust New Opprtnts MLP & Engy Fd has increased its dividend payment by an average of 21.6% per year over the last three years.

First Trust New Opprtnts MLP & Engy Fd (FPL) opened at $13.06 on Wednesday. First Trust New Opprtnts MLP & Engy Fd has a fifty-two week low of $10.93 and a fifty-two week high of $14.23.

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First Trust New Opprtnts MLP & Engy Fd Company Profile

First Trust New Opportunities MLP & Energy Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks to provide its common shareholders with a vehicle to invest in a portfolio of cash generating securities, with a focus on investing in master limited partnerships (MLPs) and MLP-related entities in the energy sector and energy utilities industries that are weighted towards non-cyclical, fee-for-service revenues.

Dividend History for First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL)

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