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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced a monthly dividend on Thursday, February 8th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.09 per share on Tuesday, April 30th. This represents a $1.08 annualized dividend and a yield of 9.47%. The ex-dividend date is Monday, April 22nd.

Ecofin Sustainable and Social Impact Term Fund has increased its dividend by an average of 5.7% annually over the last three years.

Ecofin Sustainable and Social Impact Term Fund Stock Up 0.5 %

NYSE TEAF opened at $11.41 on Friday. The business has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $11.59. Ecofin Sustainable and Social Impact Term Fund has a one year low of $11.11 and a one year high of $13.30.

Institutional Investors Weigh In On Ecofin Sustainable and Social Impact Term Fund

Several large investors have recently added to or reduced their stakes in TEAF. Cambridge Investment Research Advisors Inc. acquired a new stake in Ecofin Sustainable and Social Impact Term Fund during the first quarter worth approximately $1,323,000. Mariner LLC grew its stake in Ecofin Sustainable and Social Impact Term Fund by 17.9% during the first quarter. Mariner LLC now owns 19,783 shares of the company’s stock worth $299,000 after purchasing an additional 3,000 shares during the period. Royal Bank of Canada grew its stake in Ecofin Sustainable and Social Impact Term Fund by 1.8% during the first quarter. Royal Bank of Canada now owns 40,035 shares of the company’s stock worth $605,000 after purchasing an additional 720 shares during the period. Advisors Asset Management Inc. grew its stake in Ecofin Sustainable and Social Impact Term Fund by 675.5% in the first quarter. Advisors Asset Management Inc. now owns 60,309 shares of the company’s stock valued at $911,000 after acquiring an additional 52,532 shares during the period. Finally, Bank of America Corp DE grew its stake in Ecofin Sustainable and Social Impact Term Fund by 14.8% in the first quarter. Bank of America Corp DE now owns 249,496 shares of the company’s stock valued at $3,767,000 after acquiring an additional 32,140 shares during the period.

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.