First Trust MLP and Energy Income Fund (NYSE:FEI) declared a monthly dividend on Tuesday, October 23rd, Wall Street Journal reports. Investors of record on Friday, November 2nd will be paid a dividend of 0.10 per share on Thursday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date of this dividend is Thursday, November 1st.
First Trust MLP and Energy Income Fund has increased its dividend by an average of 2.0% annually over the last three years.
Shares of NYSE:FEI opened at $11.15 on Wednesday. First Trust MLP and Energy Income Fund has a 52 week low of $10.97 and a 52 week high of $16.50.
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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