First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) Announces Quarterly Dividend of $0.30

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FENGet Rating) announced a quarterly dividend on Wednesday, April 13th, Wall Street Journal reports. Investors of record on Monday, April 25th will be paid a dividend of 0.30 per share on Friday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Friday, April 22nd.

FEN stock traded up $0.02 during midday trading on Wednesday, reaching $16.32. The company’s stock had a trading volume of 50,460 shares, compared to its average volume of 99,192. First Trust Energy Income and Growth Fund has a 1 year low of $12.70 and a 1 year high of $16.50.

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in First Trust Energy Income and Growth Fund by 7.1% in the third quarter. Morgan Stanley now owns 275,605 shares of the company’s stock worth $3,737,000 after purchasing an additional 18,281 shares during the period. Royal Bank of Canada increased its stake in shares of First Trust Energy Income and Growth Fund by 5.3% during the third quarter. Royal Bank of Canada now owns 77,083 shares of the company’s stock valued at $1,045,000 after buying an additional 3,904 shares during the period. Finally, LPL Financial LLC increased its stake in shares of First Trust Energy Income and Growth Fund by 7.4% during the fourth quarter. LPL Financial LLC now owns 56,568 shares of the company’s stock valued at $782,000 after buying an additional 3,882 shares during the period.

First Trust Energy Income and Growth Fund Company Profile (Get Rating)

First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services.

See Also

Dividend History for First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN)

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