Reminder - First Trust Energy Income And Growth Fund (FEN) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/22/13, First Trust Energy Income and Growth Fund (FEN) will trade ex-dividend, for its quarterly dividend of $0.525, payable on 10/31/13. As a percentage of FEN's recent stock price of $32.95, this dividend works out to approximately 1.59%, so look for shares of First Trust Energy Income and Growth Fund to trade 1.59% lower — all else being equal — when FEN shares open for trading on 10/22/13.

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Below is a dividend history chart for FEN, showing historical dividends prior to the most recent $0.525 declared by First Trust Energy Income and Growth Fund:

FEN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FEN is likely to continue, and whether the current estimated yield of 6.37% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of FEN shares, versus its 200 day moving average:

First Trust Energy Income and Growth Fund 200 Day Moving Average Chart

Looking at the chart above, FEN's low point in its 52 week range is $27.45 per share, with $36.45 as the 52 week high point — that compares with a last trade of $32.95.

In Friday trading, First Trust Energy Income and Growth Fund shares are currently up about 0.6% on the day.

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