First Trust Enhanced Equity Income Fund to Issue Quarterly Dividend of $0.39 (NYSE:FFA)

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Tuesday, March 10th. Stockholders of record on Friday, March 20th will be given a dividend of 0.3875 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, March 20th.

First Trust Enhanced Equity Income Fund Price Performance

First Trust Enhanced Equity Income Fund stock traded up $0.10 during trading on Wednesday, reaching $21.45. The company had a trading volume of 19,180 shares, compared to its average volume of 28,635. The firm’s 50-day simple moving average is $21.93 and its 200 day simple moving average is $21.68. First Trust Enhanced Equity Income Fund has a 52 week low of $15.00 and a 52 week high of $22.31.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.