First Trust Energy Infrastructure Fund (NYSE:FIF – Get Free Report) announced a monthly dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Monday, April 29th will be given a dividend of 0.15 per share by the investment management company on Thursday, May 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date is Friday, April 26th. This is a positive change from First Trust Energy Infrastructure Fund’s previous monthly dividend of $0.10.
First Trust Energy Infrastructure Fund has increased its dividend by an average of 5.2% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.
First Trust Energy Infrastructure Fund Price Performance
Shares of FIF stock traded down $0.02 during trading hours on Thursday, hitting $18.33. 24,104 shares of the company’s stock traded hands, compared to its average volume of 57,886. The stock’s fifty day simple moving average is $17.45 and its two-hundred day simple moving average is $16.51. First Trust Energy Infrastructure Fund has a 12-month low of $13.76 and a 12-month high of $18.56.
About First Trust Energy Infrastructure Fund
First Trust Energy Infrastructure Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries.
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