Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) to Issue $0.09 — Dividend

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a — dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.09 per share on Friday, May 30th. This represents a dividend yield of 9%. The ex-dividend date of this dividend is Friday, May 23rd.

Ecofin Sustainable and Social Impact Term Fund has increased its dividend payment by an average of 5.9% annually over the last three years.

Ecofin Sustainable and Social Impact Term Fund Stock Up 0.7 %

TEAF opened at $12.07 on Wednesday. Ecofin Sustainable and Social Impact Term Fund has a 12 month low of $11.25 and a 12 month high of $13.34. The firm’s fifty day simple moving average is $12.11 and its 200 day simple moving average is $12.48.

About Ecofin Sustainable and Social Impact Term Fund

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.