First Trust Energy Infrastructure Fund (NYSE:FIF) Plans Monthly Dividend of $0.06

First Trust Energy Infrastructure Fund (NYSE:FIF – Get Rating) announced a monthly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Thursday, February 2nd will be paid a dividend of 0.064 per share by the investment management company on Wednesday, February 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Wednesday, February 1st.

First Trust Energy Infrastructure Fund has decreased its dividend payment by an average of 17.0% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

First Trust Energy Infrastructure Fund Stock Up 1.0 %

First Trust Energy Infrastructure Fund stock opened at $15.18 on Wednesday. First Trust Energy Infrastructure Fund has a 12 month low of $12.81 and a 12 month high of $16.16. The company has a fifty day moving average price of $14.79 and a two-hundred day moving average price of $14.65.

Institutional Investors Weigh In On First Trust Energy Infrastructure Fund

A number of institutional investors have recently modified their holdings of the business. Raymond James & Associates boosted its position in First Trust Energy Infrastructure Fund by 8.9% during 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 period. Cetera Advisor Networks LLC raised its stake in shares of First Trust Energy Infrastructure Fund by 18.7% during the first quarter. Cetera Advisor Networks LLC now owns 13,670 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 2,156 shares in the last quarter. UBS Group AG grew its position in 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 valued at $6,637,000 after buying an additional 169,878 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust Energy Infrastructure Fund by 16.3% during the 1st quarter. Bank of America Corp DE now owns 28,162 shares of the investment management company’s stock valued at $429,000 after buying an additional 3,952 shares during the period. Finally, LPL Financial LLC raised its position in shares of First Trust Energy Infrastructure Fund by 28.7% during the 2nd quarter. LPL Financial LLC now owns 29,162 shares of the investment management company’s stock worth $418,000 after buying an additional 6,509 shares in the last quarter.

About First Trust Energy Infrastructure Fund

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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.