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. Stockholders 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 increased its dividend payment by an average of 3.4% annually over the last three years.

First Trust Enhanced Equity Income Fund Stock Up 0.6 %

FFA stock traded up $0.13 during trading on Wednesday, reaching $21.15. 20,700 shares of the company were exchanged, compared to its average volume of 23,904. First Trust Enhanced Equity Income Fund has a 52-week low of $17.58 and a 52-week high of $21.24. The stock’s 50 day moving average price is $20.52 and its 200 day moving average price is $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.