Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Declares $0.09 Monthly Dividend

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAFGet Rating) announced a monthly dividend on Friday, May 13th, Wall Street Journal reports. Stockholders of record on Wednesday, August 24th will be paid a dividend of 0.09 per share on Wednesday, August 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date of this dividend is Tuesday, August 23rd.

Shares of TEAF stock traded down $0.04 on Friday, reaching $14.59. The stock had a trading volume of 220 shares, compared to its average volume of 32,351. The firm’s 50-day moving average is $14.81 and its two-hundred day moving average is $14.79. Ecofin Sustainable and Social Impact Term Fund has a 12 month low of $13.74 and a 12 month high of $15.49.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in Ecofin Sustainable and Social Impact Term Fund by 1.1% in the 3rd quarter. Morgan Stanley now owns 528,752 shares of the company’s stock valued at $7,366,000 after acquiring an additional 5,497 shares during the period. Wells Fargo & Company MN raised its holdings in Ecofin Sustainable and Social Impact Term Fund by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 112,356 shares of the company’s stock valued at $1,645,000 after acquiring an additional 16,572 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Ecofin Sustainable and Social Impact Term Fund in the 1st quarter valued at about $1,323,000. Royal Bank of Canada bought a new position in Ecofin Sustainable and Social Impact Term Fund in the 3rd quarter valued at about $544,000. Finally, Stifel Financial Corp increased its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 5.6% during the fourth quarter. Stifel Financial Corp now owns 13,160 shares of the company’s stock worth $193,000 after purchasing an additional 699 shares during the period.

Ecofin Sustainable and Social Impact Term Fund Company Profile (Get Rating)

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.

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Dividend History for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF)

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