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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a monthly dividend on Friday, August 9th, Zacks reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.09 per share on Monday, September 30th. This represents a $1.08 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date is Monday, September 23rd.

Ecofin Sustainable and Social Impact Term Fund has raised its dividend by an average of 0.4% annually over the last three years.

Ecofin Sustainable and Social Impact Term Fund Price Performance

TEAF opened at $12.81 on Friday. The stock’s 50 day moving average price is $12.36 and its two-hundred day moving average price is $11.90. Ecofin Sustainable and Social Impact Term Fund has a 12-month low of $11.11 and a 12-month high of $13.00.

About Ecofin Sustainable and Social Impact Term Fund

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.