First Trust Energy Infrastructure Fund (NYSE:FIF) to Issue Dividend Increase – $0.06 Per Share

First Trust Energy Infrastructure Fund (NYSE:FIFGet Rating) announced a monthly dividend on Tuesday, June 21st, Zacks reports. Stockholders of record on Tuesday, July 5th will be given a dividend of 0.063 per share by the investment management company on Friday, July 15th. This represents a $0.76 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Friday, July 1st. This is a boost from First Trust Energy Infrastructure Fund’s previous monthly dividend of $0.06.

First Trust Energy Infrastructure Fund has decreased its dividend by an average of 17.2% per year over the last three years.

NYSE FIF opened at $13.48 on Thursday. First Trust Energy Infrastructure Fund has a 52 week low of $12.52 and a 52 week high of $15.98. The business has a 50 day moving average price of $14.83 and a 200-day moving average price of $14.29.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC increased its holdings in shares of First Trust Energy Infrastructure Fund by 18.7% during the first quarter. Cetera Advisor Networks LLC now owns 13,670 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 2,156 shares in the last quarter. Bank of America Corp DE grew its holdings in First Trust Energy Infrastructure Fund by 16.3% during the first quarter. Bank of America Corp DE now owns 28,162 shares of the investment management company’s stock worth $429,000 after buying an additional 3,952 shares in the last quarter. Raymond James & Associates grew its holdings in First Trust Energy Infrastructure Fund by 8.9% during the first quarter. Raymond James & Associates now owns 183,764 shares of the investment management company’s stock worth $2,799,000 after buying an additional 14,971 shares in the last quarter. Finally, UBS Group AG grew its holdings in First Trust Energy Infrastructure Fund by 63.9% during the first quarter. UBS Group AG now owns 435,757 shares of the investment management company’s stock worth $6,637,000 after buying an additional 169,878 shares in the last quarter.

First Trust Energy Infrastructure Fund Company Profile (Get Rating)

First Trust Energy Infrastructure Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries.

See Also

Dividend History for First Trust Energy Infrastructure Fund (NYSE:FIF)

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