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
About First Trust MLP and Energy Income Fund
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.
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