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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) declared a monthly dividend on Tuesday, August 13th, Wall Street Journal reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.09 per share on Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 8.77%. The ex-dividend date is Friday, November 22nd.

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

Ecofin Sustainable and Social Impact Term Fund Stock Up 0.2 %

NYSE:TEAF traded up $0.02 during mid-day trading on Wednesday, reaching $12.31. The stock had a trading volume of 3,427 shares, compared to its average volume of 41,562. The stock’s 50 day simple moving average is $11.91 and its two-hundred day simple moving average is $11.68. Ecofin Sustainable and Social Impact Term Fund has a 1-year low of $11.11 and a 1-year high of $12.79.

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.