Ecofin Sustainable and Social Impact Term Fund Declares Monthly Dividend of $0.09 (NYSE:TEAF)

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) declared a monthly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.09 per share on Tuesday, April 30th. This represents a $1.08 annualized dividend and a dividend yield of 9.47%. The ex-dividend date is Monday, April 22nd.

Ecofin Sustainable and Social Impact Term Fund has raised its dividend payment by an average of 5.7% per year over the last three years.

Ecofin Sustainable and Social Impact Term Fund Trading Up 0.5 %

Shares of TEAF opened at $11.41 on Friday. The stock has a 50 day moving average of $11.52 and a 200-day moving average of $11.59. Ecofin Sustainable and Social Impact Term Fund has a 52 week low of $11.11 and a 52 week high of $13.30.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TEAF. Cambridge Investment Research Advisors Inc. acquired a new position in Ecofin Sustainable and Social Impact Term Fund during the 1st quarter valued at approximately $1,323,000. Mariner LLC raised its stake in Ecofin Sustainable and Social Impact Term Fund by 17.9% during the 1st quarter. Mariner LLC now owns 19,783 shares of the company’s stock valued at $299,000 after acquiring an additional 3,000 shares in the last quarter. Royal Bank of Canada raised its stake in Ecofin Sustainable and Social Impact Term Fund by 1.8% during the 1st quarter. Royal Bank of Canada now owns 40,035 shares of the company’s stock valued at $605,000 after acquiring an additional 720 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Ecofin Sustainable and Social Impact Term Fund by 675.5% during the 1st quarter. Advisors Asset Management Inc. now owns 60,309 shares of the company’s stock valued at $911,000 after acquiring an additional 52,532 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Ecofin Sustainable and Social Impact Term Fund by 14.8% during the 1st quarter. Bank of America Corp DE now owns 249,496 shares of the company’s stock valued at $3,767,000 after acquiring an additional 32,140 shares in the last quarter.

Ecofin Sustainable and Social Impact Term Fund Company Profile

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.