First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Tuesday, June 13th, Wall Street Journal reports. Shareholders of record on Monday, June 26th will be given a dividend of 0.285 per share on Friday, June 30th. This represents a $1.14 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Thursday, June 22nd. This is a positive change from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.25.

First Trust Enhanced Equity Income Fund has raised its dividend payment by an average of 2.0% per year over the last three years.

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First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund invests in a diversified portfolio of equity securities.

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