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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a monthly dividend on Monday, August 12th, Wall Street Journal reports. Investors of record on Thursday, October 24th will be paid a dividend of 0.09 per share on Thursday, October 31st. This represents a $1.08 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date of this dividend is Thursday, October 24th.

Ecofin Sustainable and Social Impact Term Fund has raised its dividend payment by an average of 0.4% per year over the last three years.

Ecofin Sustainable and Social Impact Term Fund Trading Up 0.6 %

TEAF stock traded up $0.07 during midday trading on Monday, reaching $12.28. 22,013 shares of the stock were exchanged, compared to its average volume of 41,964. Ecofin Sustainable and Social Impact Term Fund has a 52 week low of $11.11 and a 52 week high of $12.79. The company has a fifty day moving average price of $11.88 and a 200 day moving average price of $11.66.

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.