First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) announced a monthly dividend on Monday, July 20th, Zacks reports. Stockholders of record on Tuesday, August 4th will be given a dividend of 0.038 per share by the investment management company on Monday, August 17th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 11.32%. The ex-dividend date of this dividend is Monday, August 3rd. This is an increase from First Trust New Opprtnts MLP & Engy Fd’s previous monthly dividend of $0.04.
First Trust New Opprtnts MLP & Engy Fd has decreased its dividend by an average of 28.6% annually over the last three years.
Shares of FPL stock opened at $4.03 on Friday. First Trust New Opprtnts MLP & Engy Fd has a 12-month low of $2.60 and a 12-month high of $9.63. The business’s 50 day moving average is $4.29 and its two-hundred day moving average is $5.66.
About First Trust New Opprtnts MLP & Engy Fd
First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors.
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