First Trust Energy Infrastructure Fund (FIF) To Go Ex-Dividend on April 26th

First Trust Energy Infrastructure Fund (NYSE:FIF) announced a monthly dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Monday, April 29th will be given 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 dividend yield of 9.79%. The ex-dividend date is Friday, April 26th. This is a positive change 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% per year over the last three years and has increased its dividend every year for the last 2 years.

First Trust Energy Infrastructure Fund Stock Up 0.2 %

Shares of First Trust Energy Infrastructure Fund stock traded up $0.04 during trading on Thursday, hitting $18.39. 24,104 shares of the stock traded hands, compared to its average volume of 57,886. First Trust Energy Infrastructure Fund has a twelve month low of $13.76 and a twelve month high of $18.56. The company has a fifty day moving average price of $17.45 and a two-hundred day moving average price of $16.51.

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.