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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) declared a monthly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors of record on Friday, January 24th will be given a dividend of 0.09 per share on Friday, January 31st. This represents a $1.08 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend is Friday, January 24th.

Ecofin Sustainable and Social Impact Term Fund has increased its dividend payment by an average of 6.1% annually over the last three years.

Ecofin Sustainable and Social Impact Term Fund Trading Up 0.1 %

Shares of TEAF opened at $12.34 on Wednesday. The company’s fifty day moving average is $12.31 and its two-hundred day moving average is $12.47. Ecofin Sustainable and Social Impact Term Fund has a fifty-two week low of $11.20 and a fifty-two week high of $13.34.

About Ecofin Sustainable and Social Impact Term Fund

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.