First Trust Energy Income And Growth Fund Increases Quarterly Distribution From $0.30 To $0.40 Per Share
Portfolio Pulse from Benzinga Newsdesk
First Trust Energy Income And Growth Fund (FEN) has announced an increase in its quarterly distribution from $0.30 to $0.40 per share, payable on April 30, 2024, to shareholders of record as of April 23, 2024.
April 10, 2024 | 9:30 pm
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First Trust Energy Income And Growth Fund increases its quarterly distribution to $0.40 per share, signaling strong financial health and potentially attracting more investors.
Increasing dividend payouts typically indicate a fund's strong financial health and confidence in its future income generation capabilities. For FEN, this increase in distribution can make the fund more attractive to income-focused investors, potentially leading to an increase in demand for its shares and a positive impact on its stock price in the short term.
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