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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) declared a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid a dividend of 0.09 per share on Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Friday, February 21st.

Ecofin Sustainable and Social Impact Term Fund has increased its dividend payment by an average of 5.9% annually over the last three years.

Ecofin Sustainable and Social Impact Term Fund Price Performance

Shares of NYSE TEAF opened at $12.23 on Wednesday. Ecofin Sustainable and Social Impact Term Fund has a 1-year low of $11.25 and a 1-year high of $13.34. The stock’s 50-day moving average is $12.15 and its 200 day moving average is $12.49.

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.