First Trust Enhanced Equity Income Fund Announces Quarterly Dividend of $0.35 (NYSE:FFA)

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Shareholders of record on Monday, March 24th will be paid a dividend of 0.35 per share on Monday, March 31st. This represents a $1.40 annualized dividend and a yield of 7.21%. The ex-dividend date is Monday, March 24th.

First Trust Enhanced Equity Income Fund has raised its dividend payment by an average of 2.7% annually over the last three years.

First Trust Enhanced Equity Income Fund Trading Down 0.4 %

Shares of First Trust Enhanced Equity Income Fund stock traded down $0.07 during trading hours on Tuesday, reaching $19.41. The company’s stock had a trading volume of 30,308 shares, compared to its average volume of 27,626. The company’s 50 day simple moving average is $20.63 and its 200 day simple moving average is $20.48. First Trust Enhanced Equity Income Fund has a one year low of $17.86 and a one year high of $21.24.

Insider Buying and Selling at First Trust Enhanced Equity Income Fund

In other First Trust Enhanced Equity Income Fund news, insider James A. Bowen sold 4,003 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.01, for a total transaction of $84,103.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.