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

First Trust Enhanced Equity Income Fund (NYSE:FFA) declared a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Investors of record on Monday, March 24th will be paid a dividend of 0.35 per share on Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date is Monday, March 24th.

First Trust Enhanced Equity Income Fund has increased its dividend payment by an average of 2.7% per year over the last three years.

First Trust Enhanced Equity Income Fund Stock Performance

NYSE:FFA traded down $0.07 on Tuesday, hitting $19.41. 30,308 shares of the stock were exchanged, compared to its average volume of 27,626. The stock has a fifty day moving average of $20.63 and a 200-day moving average of $20.48. First Trust Enhanced Equity Income Fund has a fifty-two week low of $17.86 and a fifty-two week high of $21.24.

Insider Transactions at First Trust Enhanced Equity Income Fund

In related news, insider James A. Bowen sold 4,003 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.01, for a total transaction of $84,103.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

First Trust Enhanced Equity Income Fund Company Profile

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.