1ST TR ENERGY I/SH (NYSE:FIF) declared a monthly dividend on Monday, July 20th, Zacks reports. Stockholders of record on Tuesday, August 4th will be given a dividend of 0.063 per share by the investment management company on Monday, August 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date is Monday, August 3rd.
Shares of NYSE:FIF opened at $10.04 on Friday. The stock’s fifty day simple moving average is $10.17 and its two-hundred day simple moving average is $11.96. 1ST TR ENERGY I/SH has a 1-year low of $6.05 and a 1-year high of $17.50.
In other news, insider James Murchie purchased 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of $11.11 per share, for a total transaction of $72,215.00.
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.
Further Reading: Coverage Ratio
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