First Trust Enhanced Equity Income Fund (NYSE:FFA) Increases Dividend to $0.39 Per Share

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Wednesday, September 10th, RTT News reports. Shareholders of record on Monday, September 22nd will be given a dividend of 0.3875 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, September 22nd. This is a 10.7% increase from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.35.

First Trust Enhanced Equity Income Fund Stock Performance

FFA opened at $21.68 on Friday. The business has a 50-day moving average of $21.07 and a two-hundred day moving average of $19.96. First Trust Enhanced Equity Income Fund has a 12 month low of $15.00 and a 12 month high of $21.70.

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.