First Trust MLP and Energy Income Fund (NYSE:FEI) to Issue $0.05 Monthly Dividend

First Trust MLP and Energy Income Fund (NYSE:FEIGet Free Report) announced a monthly dividend on Tuesday, January 23rd, Wall Street Journal reports. Investors of record on Monday, March 4th will be given a dividend of 0.05 per share on Friday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date is Friday, March 1st.

First Trust MLP and Energy Income Fund has decreased its dividend by an average of 9.1% per year over the last three years.

First Trust MLP and Energy Income Fund Stock Performance

First Trust MLP and Energy Income Fund stock opened at $8.64 on Thursday. First Trust MLP and Energy Income Fund has a 1-year low of $7.02 and a 1-year high of $8.82. The stock’s 50 day moving average price is $8.61 and its 200 day moving average price is $8.35.

Institutional Trading of First Trust MLP and Energy Income Fund

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of First Trust MLP and Energy Income Fund by 40.9% in the fourth quarter. Bank of America Corp DE now owns 33,590 shares of the company’s stock valued at $262,000 after buying an additional 9,746 shares in the last quarter. Verity Asset Management Inc. boosted its stake in shares of First Trust MLP and Energy Income Fund by 3.9% in the second quarter. Verity Asset Management Inc. now owns 33,941 shares of the company’s stock valued at $262,000 after buying an additional 1,266 shares in the last quarter. Smith Moore & CO. boosted its stake in shares of First Trust MLP and Energy Income Fund by 6.2% in the first quarter. Smith Moore & CO. now owns 25,936 shares of the company’s stock valued at $198,000 after buying an additional 1,503 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of First Trust MLP and Energy Income Fund by 43.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 21,034 shares of the company’s stock valued at $164,000 after buying an additional 6,377 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in First Trust MLP and Energy Income Fund by 57.9% during the fourth quarter. CreativeOne Wealth LLC now owns 19,100 shares of the company’s stock worth $149,000 after purchasing an additional 7,000 shares during the last quarter.

First Trust MLP and Energy Income Fund Company Profile

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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

Dividend History for First Trust MLP and Energy Income Fund (NYSE:FEI)

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