First Trust Energy Infrastructure Fund (NYSE:FIF) to Issue $0.06 Monthly Dividend

First Trust Energy Infrastructure Fund (NYSE:FIFGet Rating) declared a monthly dividend on Tuesday, May 24th, Wall Street Journal reports. Stockholders of record on Thursday, June 2nd will be paid a dividend of 0.0625 per share by the investment management company on Wednesday, June 15th. This represents a $0.75 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Wednesday, June 1st.

First Trust Energy Infrastructure Fund has decreased its dividend by an average of 17.2% per year over the last three years.

Shares of FIF stock traded up $0.21 during trading hours on Tuesday, hitting $15.24. 39,296 shares of the company were exchanged, compared to its average volume of 60,517. First Trust Energy Infrastructure Fund has a 1 year low of $12.52 and a 1 year high of $15.91. The firm has a fifty day moving average of $14.87 and a 200 day moving average of $14.08.

Several hedge funds have recently made changes to their positions in FIF. Morgan Stanley increased its position in First Trust Energy Infrastructure Fund by 4.0% during the 2nd quarter. Morgan Stanley now owns 1,069,693 shares of the investment management company’s stock worth $14,591,000 after purchasing an additional 41,145 shares in the last quarter. Wells Fargo & Company MN increased its position in First Trust Energy Infrastructure Fund by 69.2% during the 4th quarter. Wells Fargo & Company MN now owns 526,511 shares of the investment management company’s stock worth $7,129,000 after purchasing an additional 215,276 shares in the last quarter. UBS Group AG increased its position in First Trust Energy Infrastructure Fund by 63.9% during the 1st quarter. UBS Group AG now owns 435,757 shares of the investment management company’s stock worth $6,637,000 after purchasing an additional 169,878 shares in the last quarter. Raymond James & Associates increased its position in First Trust Energy Infrastructure Fund by 8.9% during the 1st quarter. Raymond James & Associates now owns 183,764 shares of the investment management company’s stock worth $2,799,000 after purchasing an additional 14,971 shares in the last quarter. Finally, Royal Bank of Canada increased its position in First Trust Energy Infrastructure Fund by 0.8% during the 3rd quarter. Royal Bank of Canada now owns 92,628 shares of the investment management company’s stock worth $1,181,000 after purchasing an additional 753 shares in the last quarter.

First Trust Energy Infrastructure Fund Company Profile (Get Rating)

First Trust Energy Infrastructure Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries.

See Also

Dividend History for First Trust Energy Infrastructure Fund (NYSE:FIF)

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