First Trust Energy Income & Growth Fund (FEN) Receiving Favorable Press Coverage, Study Shows
Press coverage about First Trust Energy Income & Growth Fund (NYSE:FEN) has been trending positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Trust Energy Income & Growth Fund earned a news sentiment score of 0.37 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 46.4380395163519 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of First Trust Energy Income & Growth Fund (FEN) traded up 1.35% during mid-day trading on Wednesday, reaching $24.09. The company had a trading volume of 52,744 shares. First Trust Energy Income & Growth Fund has a one year low of $23.15 and a one year high of $28.48. The firm has a 50 day moving average of $25.24 and a 200-day moving average of $26.27.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, July 25th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 9.76%. The ex-dividend date was Friday, July 21st.
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About First Trust Energy Income & Growth Fund
First Trust Energy Income and Growth Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund seeks to provide its shareholders with a vehicle to invest in a portfolio of securities of energy companies.
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