Reminder - First Trust Enhanced Equity Income Fund (FFA) Goes Ex-Dividend SoonBy Dividend Channel Staff, Tuesday, March 21, 12:24 PM ETOn 3/22/23, First Trust Enhanced Equity Income Fund (NYSE:FFA) will trade ex-dividend, for its quarterly dividend of $0.315, payable on 3/31/23. As a percentage of FFA's recent stock price of $16.59, this dividend works out to approximately 1.90%, so look for shares of First Trust Enhanced Equity Income Fund to trade 1.90% lower — all else being equal — when FFA shares open for trading on 3/22/23. Below is a dividend history chart for FFA, showing historical dividends prior to the most recent $0.315 declared by First Trust Enhanced Equity Income Fund: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FFA is likely to continue, and whether the current estimated yield of 7.59% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FFA shares, versus its 200 day moving average:
Looking at the chart above, FFA's low point in its 52 week range is $14.36 per share, with $20.91 as the 52 week high point — that compares with a last trade of $16.59. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Tuesday trading, First Trust Enhanced Equity Income Fund shares are currently up about 1.2% on the day.
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