First Trust MLP and Energy Income Fund to Issue Monthly Dividend of $0.05 (NYSE:FEI)

First Trust MLP and Energy Income Fund (NYSE:FEI – Get Rating) declared a monthly dividend on Wednesday, January 25th, Wall Street Journal reports. Investors of record on Friday, March 3rd will be given a dividend of 0.05 per share on Wednesday, March 15th. This represents a $0.60 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date is Thursday, March 2nd.

First Trust MLP and Energy Income Fund has decreased its dividend payment by an average of 20.6% per year over the last three years.

First Trust MLP and Energy Income Fund Stock Down 0.5 %

First Trust MLP and Energy Income Fund stock traded down $0.04 during mid-day trading on Wednesday, reaching $8.14. The company’s stock had a trading volume of 81,680 shares, compared to its average volume of 132,224. First Trust MLP and Energy Income Fund has a 12-month low of $7.02 and a 12-month high of $8.81. The firm’s fifty day moving average price is $7.90 and its two-hundred day moving average price is $7.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its holdings in First Trust MLP and Energy Income Fund by 31.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,657 shares of the company’s stock valued at $105,000 after purchasing an additional 3,540 shares during the period. Royal Bank of Canada boosted its holdings in First Trust MLP and Energy Income Fund by 3.5% in the 3rd quarter. Royal Bank of Canada now owns 200,128 shares of the company’s stock valued at $1,431,000 after purchasing an additional 6,724 shares during the period. Kingsview Wealth Management LLC bought a new position in First Trust MLP and Energy Income Fund in the 2nd quarter valued at $89,000. LPL Financial LLC boosted its holdings in First Trust MLP and Energy Income Fund by 12.6% in the 2nd quarter. LPL Financial LLC now owns 241,974 shares of the company’s stock valued at $1,861,000 after purchasing an additional 27,013 shares during the period. Finally, Bank of Montreal Can bought a new position in First Trust MLP and Energy Income Fund in the 2nd quarter valued at $361,000.

About First Trust MLP and Energy Income Fund

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First Trust MLP & Energy Income Fund is a non-diversified, closed-end management investment company, which invests in a portfolio of cash-generating securities, publicly traded master limited partnerships, and MLP-related entities in the energy sector and energy utility industries. It has an objective of seeking a level of total return with an emphasis on current distributions paid to common shareholders.