First Trust Enhanced Equity Income Fund

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

First Trust Enhanced Equity Income Fund (FFA) pays a quarterly dividend yielding 6.73% ($1.55/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Key Data

Dividend Yield

6.73%

Payout Ratio

37%

Annual Dividend

$1.55

5-Yr Avg Growth

5.3%

Ex-Dividend Date

Mar 20, 2026

Years of Growth

16

Frequency

quarterly

Beta

0.99

Market Cap

$460.5M

P/E Ratio

5.7

5-Yr Total Return

13%

52-Week Range

$19.50 – $23.24

Dividend Safety

A · 88/100

Ever Cut?

Yes (2009)

Frequently Asked Questions