First Trust Enhanced Equity Income Fund to Issue Quarterly Dividend of $0.35 (NYSE:FFA)

First Trust Enhanced Equity Income Fund (NYSE:FFA) declared a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Monday, March 24th will be given a dividend of 0.35 per share on Monday, March 31st. This represents a $1.40 annualized dividend and a yield of 7.10%. The ex-dividend date is Monday, March 24th.

First Trust Enhanced Equity Income Fund has raised its dividend by an average of 2.7% per year over the last three years.

First Trust Enhanced Equity Income Fund Stock Down 0.1 %

Shares of FFA opened at $19.72 on Friday. First Trust Enhanced Equity Income Fund has a twelve month low of $17.86 and a twelve month high of $21.24. The firm’s 50 day moving average price is $20.44 and its two-hundred day moving average price is $20.44.

About First Trust Enhanced Equity Income Fund

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.