First Trust MLP and Energy Income Fund (NYSE:FEI) declared a monthly dividend on Friday, September 21st, Wall Street Journal reports. Stockholders of record on Tuesday, October 2nd will be given a dividend of 0.10 per share on Monday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.70%. The ex-dividend date is Monday, October 1st.

First Trust MLP and Energy Income Fund has increased its dividend payment by an average of 2.0% annually over the last three years.

First Trust MLP and Energy Income Fund stock opened at $12.37 on Wednesday. First Trust MLP and Energy Income Fund has a 1-year low of $11.68 and a 1-year high of $16.50.

About First Trust MLP and Energy Income Fund

First Trust MLP and Energy Income Fund is a closed-ended balanced 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 and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors.

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