First Trust MLP and Energy Income Fund to Issue Monthly Dividend of $0.05 (NYSE:FEI)

First Trust MLP and Energy Income Fund (NYSE:FEIGet Rating) declared a monthly dividend on Wednesday, January 25th, Wall Street Journal reports. Stockholders of record on Friday, March 3rd will be given a dividend of 0.05 per share on Wednesday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend is Thursday, March 2nd.

First Trust MLP and Energy Income Fund has decreased its dividend by an average of 20.6% per year over the last three years.

First Trust MLP and Energy Income Fund Stock Down 0.5 %

Shares of FEI stock traded down $0.04 during mid-day trading on Wednesday, hitting $8.14. The company’s stock had a trading volume of 81,680 shares, compared to its average volume of 132,224. First Trust MLP and Energy Income Fund has a 52-week low of $7.02 and a 52-week high of $8.81. The business has a 50-day moving average price of $7.90 and a 200 day moving average price of $7.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. raised its stake in shares of First Trust MLP and Energy Income Fund by 34.6% in the first quarter. Advisors Asset Management Inc. now owns 582,368 shares of the company’s stock worth $4,810,000 after purchasing an additional 149,568 shares during the last quarter. LPL Financial LLC raised its stake in shares of First Trust MLP and Energy Income Fund by 12.6% in the second quarter. LPL Financial LLC now owns 241,974 shares of the company’s stock worth $1,861,000 after purchasing an additional 27,013 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust MLP and Energy Income Fund by 15.4% in the first quarter. Royal Bank of Canada now owns 182,791 shares of the company’s stock worth $1,509,000 after purchasing an additional 24,459 shares during the last quarter. Quantedge Capital Pte Ltd raised its stake in shares of First Trust MLP and Energy Income Fund by 148.5% in the first quarter. Quantedge Capital Pte Ltd now owns 89,518 shares of the company’s stock worth $739,000 after purchasing an additional 53,497 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of First Trust MLP and Energy Income Fund in the second quarter worth $361,000.

First Trust MLP and Energy Income Fund Company Profile

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First Trust MLP & Energy Income Fund is a non-diversified, closed-end management investment company, which invests in a portfolio of cash-generating securities, publicly traded master limited partnerships, and MLP-related entities in the energy sector and energy utility industries. It has an objective of seeking a level of total return with an emphasis on current distributions paid to common shareholders.

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Dividend History for First Trust MLP and Energy Income Fund (NYSE:FEI)

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