Reported Earlier, First Trust Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.40/Share From $30/Share
Portfolio Pulse from Benzinga Newsdesk
First Trust Energy Income And Growth Fund (FEN) has increased its quarterly distribution to $0.40/share from $0.30/share, payable on April 30, 2024, to shareholders of record as of April 23, 2024, with an ex-dividend date of April 22, 2024.
April 11, 2024 | 5:58 am
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First Trust Energy Income And Growth Fund increases its quarterly distribution to $0.40/share from $0.30/share, signaling a positive outlook.
The increase in quarterly distribution by First Trust Energy Income And Growth Fund (FEN) is a strong indicator of the fund's positive performance and outlook. This move is likely to attract income-focused investors and could lead to an increase in the fund's share price in the short term as it reflects confidence in generating and distributing higher income.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100