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

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Tuesday, September 10th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.35 per share on Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, September 20th.

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

First Trust Enhanced Equity Income Fund Price Performance

FFA stock traded up $0.05 during trading on Thursday, reaching $19.90. 7,023 shares of the company were exchanged, compared to its average volume of 23,874. The company has a 50-day moving average of $19.72 and a two-hundred day moving average of $19.18. First Trust Enhanced Equity Income Fund has a twelve month low of $15.84 and a twelve month high of $20.44.

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.