First Trust Enhanced Equity Income Fund (NYSE:FFA) Increases Dividend to $0.35 Per Share

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Tuesday, June 11th, Wall Street Journal reports. Investors of record on Friday, June 21st will be given a dividend of 0.35 per share on Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date is Friday, June 21st. This is a positive change from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.32.

First Trust Enhanced Equity Income Fund has increased its dividend payment by an average of 3.4% annually over the last three years.

First Trust Enhanced Equity Income Fund Stock Up 0.4 %

Shares of First Trust Enhanced Equity Income Fund stock traded up $0.07 during trading on Tuesday, hitting $19.34. The company’s stock had a trading volume of 6,335 shares, compared to its average volume of 23,508. First Trust Enhanced Equity Income Fund has a 52 week low of $15.84 and a 52 week high of $19.54. The company has a fifty day simple moving average of $18.68 and a two-hundred day simple moving average of $18.43.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.