First Trust Enhanced Equity Income Fund (NYSE:FFA) Announces $0.35 Quarterly Dividend

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.35 per share on Tuesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend is Friday, December 20th.

First Trust Enhanced Equity Income Fund has raised its dividend by an average of 3.4% annually over the last three years.

First Trust Enhanced Equity Income Fund Stock Up 0.6 %

Shares of NYSE FFA traded up $0.13 on Wednesday, hitting $21.15. The company’s stock had a trading volume of 20,700 shares, compared to its average volume of 23,904. First Trust Enhanced Equity Income Fund has a 12-month low of $17.58 and a 12-month high of $21.24. The stock has a 50 day moving average of $20.52 and a 200-day moving average of $19.99.

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.