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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a — dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.09 per share on Friday, May 30th. This represents a yield of 9%. The ex-dividend date of this dividend is Friday, May 23rd.

Ecofin Sustainable and Social Impact Term Fund has raised its dividend by an average of 5.9% per year over the last three years.

Ecofin Sustainable and Social Impact Term Fund Trading Down 0.8 %

Shares of Ecofin Sustainable and Social Impact Term Fund stock traded down $0.10 during trading hours on Monday, hitting $11.97. The company had a trading volume of 38,126 shares, compared to its average volume of 27,549. The company’s 50-day moving average is $12.12 and its two-hundred day moving average is $12.49. Ecofin Sustainable and Social Impact Term Fund has a twelve month low of $11.25 and a twelve month high of $13.34.

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.