First Trust MLP and Energy Income Fund (NYSE:FEI) to Issue $0.12 Monthly Dividend

First Trust MLP and Energy Income Fund (NYSE:FEI) announced a monthly dividend on Friday, July 20th, Wall Street Journal reports. Investors of record on Thursday, August 2nd will be paid a dividend of 0.1183 per share on Wednesday, August 15th. This represents a $1.42 annualized dividend and a yield of 10.44%. The ex-dividend date is Wednesday, August 1st.

First Trust MLP and Energy Income Fund has raised its dividend by an average of 2.0% per year over the last three years.

Shares of NYSE:FEI opened at $13.60 on Friday. First Trust MLP and Energy Income Fund has a 12 month low of $11.68 and a 12 month high of $16.50.

First Trust MLP and Energy Income Fund Company Profile

First Trust MLP and Energy Income Fund is a closed-ended balanced 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 and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors.

Further Reading: What kind of dividend yield to CEF’s pay?

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