First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Tuesday, June 13th, Wall Street Journal reports. Investors of record on Monday, June 26th will be paid a dividend of 0.285 per share on Friday, June 30th. This represents a $1.14 annualized dividend and a yield of 7.60%. The ex-dividend date is Thursday, June 22nd. This is a boost from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.25.

First Trust Enhanced Equity Income Fund has raised its dividend payment by an average of 2.0% per year over the last three years.

Shares of First Trust Enhanced Equity Income Fund (NYSE FFA) opened at 15.00 on Friday. First Trust Enhanced Equity Income Fund has a one year low of $12.46 and a one year high of $15.02. The firm has a market capitalization of $299.60 million and a P/E ratio of 12.53. The company has a 50-day moving average price of $14.79 and a 200 day moving average price of $14.23.

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First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund invests in a diversified portfolio of equity securities.

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