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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAFGet Rating) announced a monthly dividend on Thursday, January 20th, Wall Street Journal reports. Stockholders of record on Friday, April 22nd will be given a dividend of 0.09 per share on Friday, April 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date is Thursday, April 21st.

TEAF stock opened at $15.33 on Tuesday. The firm’s fifty day moving average price is $14.79. Ecofin Sustainable and Social Impact Term Fund has a one year low of $13.74 and a one year high of $15.49.

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley lifted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 1.1% in the third quarter. Morgan Stanley now owns 528,752 shares of the company’s stock worth $7,366,000 after buying an additional 5,497 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 112,356 shares of the company’s stock worth $1,645,000 after buying an additional 16,572 shares in the last quarter. Royal Bank of Canada acquired a new stake in Ecofin Sustainable and Social Impact Term Fund during the third quarter worth about $544,000. Stifel Financial Corp increased its position in Ecofin Sustainable and Social Impact Term Fund by 5.6% during the fourth quarter. Stifel Financial Corp now owns 13,160 shares of the company’s stock worth $193,000 after purchasing an additional 699 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in Ecofin Sustainable and Social Impact Term Fund during the fourth quarter worth about $114,000.

Ecofin Sustainable and Social Impact Term Fund Company Profile (Get Rating)

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.

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Dividend History for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF)

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