Ecofin Sustainable and Social Impact Term Fund Announces — Dividend of $0.09 (NYSE:TEAF)

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a — dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.09 per share on Friday, May 30th. This represents a yield of 9%. The ex-dividend date of this dividend is Friday, May 23rd.

Ecofin Sustainable and Social Impact Term Fund has increased its dividend payment by an average of 5.9% annually over the last three years.

Ecofin Sustainable and Social Impact Term Fund Price Performance

Shares of Ecofin Sustainable and Social Impact Term Fund stock traded down $0.10 during trading hours on Monday, hitting $11.97. 38,126 shares of the company were exchanged, compared to its average volume of 27,549. The business has a 50-day moving average of $12.12 and a 200-day moving average of $12.49. Ecofin Sustainable and Social Impact Term Fund has a 1 year low of $11.25 and a 1 year high of $13.34.

Ecofin Sustainable and Social Impact Term Fund Company Profile

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.