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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) declared a monthly dividend on Monday, August 12th, Wall Street Journal reports. Investors of record on Thursday, October 24th will be given a dividend of 0.09 per share on Thursday, October 31st. This represents a $1.08 annualized dividend and a yield of 8.79%. The ex-dividend date is Thursday, October 24th.

Ecofin Sustainable and Social Impact Term Fund has increased its dividend payment by an average of 0.4% per year over the last three years.

Ecofin Sustainable and Social Impact Term Fund Trading Up 0.6 %

NYSE TEAF traded up $0.07 during mid-day trading on Monday, hitting $12.28. The company’s stock had a trading volume of 22,013 shares, compared to its average volume of 41,964. Ecofin Sustainable and Social Impact Term Fund has a 52-week low of $11.11 and a 52-week high of $12.79. The stock’s fifty day simple moving average is $11.88 and its two-hundred day simple moving average is $11.66.

About Ecofin Sustainable and Social Impact Term Fund

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.