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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAFGet Rating) declared a monthly dividend on Friday, January 21st, Wall Street Journal reports. Shareholders of record on Tuesday, May 24th will be given a dividend of 0.09 per share on Tuesday, May 31st. This represents a $1.08 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend is Monday, May 23rd.

NYSE TEAF opened at $14.55 on Friday. The business’s 50 day moving average is $14.84 and its two-hundred day moving average is $14.78. Ecofin Sustainable and Social Impact Term Fund has a 12-month low of $13.74 and a 12-month high of $15.49.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEAF. Morgan Stanley grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 1.1% in the 3rd quarter. Morgan Stanley now owns 528,752 shares of the company’s stock worth $7,366,000 after acquiring an additional 5,497 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 112,356 shares of the company’s stock worth $1,645,000 after acquiring an additional 16,572 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Ecofin Sustainable and Social Impact Term Fund in the 1st quarter worth approximately $1,323,000. Advisors Asset Management Inc. grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 675.5% in the 1st quarter. Advisors Asset Management Inc. now owns 60,309 shares of the company’s stock worth $911,000 after acquiring an additional 52,532 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 1.8% in the 1st quarter. Royal Bank of Canada now owns 40,035 shares of the company’s stock worth $605,000 after acquiring an additional 720 shares during the period.

About Ecofin Sustainable and Social Impact Term Fund (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.

See Also

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

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