First Trust Energy Infrastructure Fund (FIF) to Issue Monthly Dividend of $0.06 on July 15th

First Trust Energy Infrastructure Fund (NYSE:FIF – Get Rating) announced a monthly dividend on Tuesday, June 21st, Zacks reports. Stockholders of record on Tuesday, July 5th will be paid a dividend of 0.063 per share by the investment management company on Friday, July 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend is Friday, July 1st. This is a boost from First Trust Energy Infrastructure Fund’s previous monthly dividend of $0.06.

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

NYSE FIF opened at $13.48 on Thursday. First Trust Energy Infrastructure Fund has a one year low of $12.52 and a one year high of $15.98. The business has a fifty day moving average price of $14.83 and a 200 day moving average price of $14.29.

A number of institutional investors and hedge funds have recently modified their holdings of FIF. Bank of America Corp DE boosted its stake in First Trust Energy Infrastructure Fund by 16.3% during the first quarter. Bank of America Corp DE now owns 28,162 shares of the investment management company’s stock worth $429,000 after buying an additional 3,952 shares during the period. UBS Group AG lifted its holdings in shares of First Trust Energy Infrastructure Fund by 63.9% in the 1st quarter. UBS Group AG now owns 435,757 shares of the investment management company’s stock worth $6,637,000 after acquiring an additional 169,878 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in shares of First Trust Energy Infrastructure Fund by 18.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,670 shares of the investment management company’s stock worth $208,000 after purchasing an additional 2,156 shares during the period. Finally, Raymond James & Associates increased its holdings in First Trust Energy Infrastructure Fund by 8.9% in the 1st quarter. Raymond James & Associates now owns 183,764 shares of the investment management company’s stock valued at $2,799,000 after purchasing an additional 14,971 shares during 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.

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