Ecofin Sustainable and Social Impact Term Fund Declares Monthly Dividend of $0.09 (NYSE:TEAF)

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a monthly dividend on Wednesday, November 6th, Wall Street Journal reports. Investors of record on Friday, January 24th will be given a dividend of 0.09 per share on Friday, January 31st. This represents a $1.08 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date of this dividend is Friday, January 24th.

Ecofin Sustainable and Social Impact Term Fund has raised its dividend by an average of 0.4% annually over the last three years.

Ecofin Sustainable and Social Impact Term Fund Trading Down 1.0 %

TEAF traded down $0.13 on Wednesday, reaching $12.61. The company had a trading volume of 73,698 shares, compared to its average volume of 39,344. The business has a 50 day simple moving average of $12.86 and a 200 day simple moving average of $12.21. Ecofin Sustainable and Social Impact Term Fund has a 52-week low of $11.20 and a 52-week high of $13.34.

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.