FFA Ex-Dividend Reminder - 6/22/15

Looking at the universe of stocks we cover at Dividend Channel, on 6/22/15, First Trust Enhanced Equity Income Fund (FFA) will trade ex-dividend, for its quarterly dividend of $0.235, payable on 6/30/15. As a percentage of FFA's recent stock price of $15.12, this dividend works out to approximately 1.55%, so look for shares of First Trust Enhanced Equity Income Fund to trade 1.55% lower — all else being equal — when FFA shares open for trading on 6/22/15.

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Below is a dividend history chart for FFA, showing historical dividends prior to the most recent $0.235 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 6.22% 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 $12.16 per share, with $15.57 as the 52 week high point — that compares with a last trade of $15.12.

In Thursday trading, First Trust Enhanced Equity Income Fund shares are currently up about 0.7% on the day.

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