First Trust Energy Infrastructure Fund (NYSE:FIF) Announces Dividend Increase – $0.15 Per Share

First Trust Energy Infrastructure Fund (NYSE:FIF) announced a monthly dividend on Thursday, April 25th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 9.82%. The ex-dividend date of this dividend 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 raised its dividend by an average of 5.2% annually over the last three years and has raised its dividend every year for the last 2 years.

First Trust Energy Infrastructure Fund Price Performance

Shares of First Trust Energy Infrastructure Fund stock traded down $0.02 during midday trading on Thursday, reaching $18.33. 24,104 shares of the company’s stock traded hands, compared to its average volume of 57,886. The stock has a 50 day moving average of $17.45 and a 200-day moving average of $16.51. First Trust Energy Infrastructure Fund has a 12 month low of $13.76 and a 12 month high of $18.56.

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.