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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a dividend on Monday, March 24th, investing.com reports. Investors of record on Tuesday, March 25th will be given a dividend of 0.09 per share on Monday, March 31st. This represents a yield of 9.21%. The ex-dividend date of this dividend is Monday, March 24th.

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

Ecofin Sustainable and Social Impact Term Fund Price Performance

TEAF traded down $0.04 during midday trading on Monday, reaching $11.70. 151,579 shares of the company were exchanged, compared to its average volume of 33,453. Ecofin Sustainable and Social Impact Term Fund has a one year low of $11.25 and a one year high of $13.34. The stock’s 50-day simple moving average is $12.04 and its 200 day simple moving average is $12.42.

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.