First Trust Enhanced Equity Income Fund About To Put More Money In Your Pocket (FFA)

Looking at the universe of stocks we cover at Dividend Channel, on 9/22/14, First Trust Enhanced Equity Income Fund ( FFA) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 9/30/14. As a percentage of FFA's recent stock price of $14.75, this dividend works out to approximately 1.56%, so look for shares of First Trust Enhanced Equity Income Fund to trade 1.56% lower — all else being equal — when FFA shares open for trading on 9/22/14.

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Below is a dividend history chart for FFA, showing historical dividends prior to the most recent $0.23 declared by First Trust Enhanced Equity Income Fund:

FFA+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 FFA is likely to continue, and whether the current estimated yield of 6.24% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FFA shares, versus its 200 day moving average:

First Trust Enhanced Equity Income Fund 200 Day Moving Average Chart

Looking at the chart above, FFA's low point in its 52 week range is $12.19 per share, with $14.93 as the 52 week high point — that compares with a last trade of $14.75.

In Thursday trading, First Trust Enhanced Equity Income Fund shares are currently up about 0.3% on the day.

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