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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.09 per share on Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 8.50%. The ex-dividend date is Friday, February 21st.

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

Ecofin Sustainable and Social Impact Term Fund Stock Performance

Shares of TEAF opened at $12.70 on Friday. The stock’s 50-day moving average price is $12.88 and its 200 day moving average price is $12.23. Ecofin Sustainable and Social Impact Term Fund has a 12-month low of $11.20 and a 12-month high of $13.34.

Ecofin Sustainable and Social Impact Term Fund Company Profile

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.