First Trust Energy Infrastructure Fund (NYSE:FIF) to Issue $0.06 Monthly Dividend

First Trust Energy Infrastructure Fund (NYSE:FIF) declared a monthly dividend on Monday, September 20th, Zacks reports. Stockholders of record on Monday, October 4th will be given a dividend of 0.063 per share by the investment management company on Friday, October 15th. This represents a $0.76 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend is Friday, October 1st.

Shares of NYSE:FIF opened at $12.78 on Wednesday. First Trust Energy Infrastructure Fund has a 1 year low of $8.60 and a 1 year high of $14.26. The stock’s 50-day moving average is $13.13 and its 200 day moving average is $12.98.

A hedge fund recently raised its stake in First Trust Energy Infrastructure Fund stock. Morgan Stanley boosted its holdings in shares of First Trust Energy Infrastructure Fund (NYSE:FIF) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,069,693 shares of the investment management company’s stock after purchasing an additional 41,145 shares during the period. Morgan Stanley’s holdings in First Trust Energy Infrastructure Fund were worth $14,591,000 at the end of the most recent reporting period.

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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Dividend History for First Trust Energy Infrastructure Fund (NYSE:FIF)

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