First Trust Enhanced Equity Income Fund (NYSE:FFA) Announces Dividend Increase – $0.42 Per Share

First Trust Enhanced Equity Income Fund (NYSE:FFA) declared a quarterly dividend on Thursday, September 10th. Investors of record on Tuesday, September 22nd will be given a dividend of 0.425 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 9.7% increase from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.39.

First Trust Enhanced Equity Income Fund Stock Performance

Shares of NYSE:FFA opened at $22.89 on Friday. First Trust Enhanced Equity Income Fund has a 12-month low of $19.50 and a 12-month high of $23.82. The company’s 50 day moving average price is $22.97 and its two-hundred day moving average price is $22.25.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.