First Trust New Opprtnts MLP & Engy Fd (FPL) to Issue Monthly Dividend of $0.08 on February 18th
First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) announced a monthly dividend on Tuesday, January 21st, Zacks reports. Stockholders of record on Tuesday, February 4th will be given a dividend of 0.075 per share by the investment management company on Tuesday, February 18th. This represents a $0.90 annualized dividend and a dividend yield of 9.62%. The ex-dividend date is Monday, February 3rd.
First Trust New Opprtnts MLP & Engy Fd has decreased its dividend payment by an average of 10.6% per year over the last three years.
Shares of NYSE:FPL traded up $0.09 during trading hours on Thursday, hitting $9.36. The company’s stock had a trading volume of 2,989 shares, compared to its average volume of 126,900. First Trust New Opprtnts MLP & Engy Fd has a 52 week low of $8.20 and a 52 week high of $10.00. The firm’s fifty day moving average price is $9.13 and its 200 day moving average price is $9.06.
First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors.
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