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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a dividend on Tuesday, June 17th, investing.com reports. Shareholders of record on Tuesday, June 24th will be given a dividend of 0.09 per share on Monday, June 30th. This represents a dividend yield of 9.15%. The ex-dividend date of this dividend is Monday, June 23rd.

Ecofin Sustainable and Social Impact Term Fund Stock Up 0.9%

Shares of NYSE TEAF opened at $12.00 on Thursday. Ecofin Sustainable and Social Impact Term Fund has a 1 year low of $10.09 and a 1 year high of $13.34. The stock has a fifty day moving average price of $11.45 and a two-hundred day moving average price of $11.77.

Insider Activity at Ecofin Sustainable and Social Impact Term Fund

In other Ecofin Sustainable and Social Impact Term Fund news, major shareholder Saba Capital Management, L.P. bought 15,679 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $10.29 per share, for a total transaction of $161,336.91. Following the acquisition, the insider now directly owns 1,437,673 shares of the company’s stock, valued at $14,793,655.17. This trade represents a 1.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders bought 139,210 shares of company stock valued at $1,506,031 over the last 90 days.

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.