First Trust Energy Infrastructure Fund (NYSE:FIF) Raises Dividend to $0.15 Per Share

First Trust Energy Infrastructure Fund (NYSE:FIF) declared a monthly dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Monday, April 29th will be paid a dividend of 0.15 per share by the investment management company on Thursday, May 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 9.79%. The ex-dividend date is Friday, April 26th. This is an increase from First Trust Energy Infrastructure Fund’s previous monthly dividend of $0.10.

First Trust Energy Infrastructure Fund has increased its dividend by an average of 5.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

First Trust Energy Infrastructure Fund Price Performance

FIF traded up $0.04 during trading on Thursday, reaching $18.39. 24,104 shares of the company were exchanged, compared to its average volume of 57,886. First Trust Energy Infrastructure Fund has a 52 week low of $13.76 and a 52 week high of $18.56. The firm has a 50 day moving average of $17.50 and a 200 day moving average of $16.52.

First Trust Energy Infrastructure Fund Company Profile

First Trust Energy Infrastructure Fund is a closed-ended equity 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 markets of the United States. The fund seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries.