First Trust Enhanced Equity Income Fund (NYSE:FFA) Announces Quarterly Dividend of $0.35

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Wednesday, September 11th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.35 per share on Monday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.05%. The ex-dividend date is Friday, September 20th.

First Trust Enhanced Equity Income Fund has increased its dividend by an average of 3.4% per year over the last three years.

First Trust Enhanced Equity Income Fund Price Performance

Shares of First Trust Enhanced Equity Income Fund stock traded up $0.12 during trading on Wednesday, hitting $19.85. 18,813 shares of the company’s stock traded hands, compared to its average volume of 23,970. The firm’s fifty day moving average price is $19.72 and its 200 day moving average price is $19.17. First Trust Enhanced Equity Income Fund has a twelve month low of $15.84 and a twelve month high of $20.44.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.