First Trust Enhanced Equity Income Fund
FFAFinancial Services · Stock · quarterly payer
Forward Yield
7.35%
Annual Dividend
$1.70
Payout Ratio
32%
5-Yr Growth
5.3%
Ex-Date
Sep 22, 2026
Frequency
Quarterly
Summary
As of September 2026, First Trust Enhanced Equity Income Fund (FFA) yields 7.35% ($1.70 per share annually), with a blended fair-value estimate of $29.03 — +27% upside, so it screens as undervalued. Dividend safety grade: A (88/100). 2 years of dividend growth.
Is FFA a good dividend stock?
YesFirst Trust Enhanced Equity Income Fund (FFA) pays a quarterly dividend yielding 7.35% ($1.70/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (32%)
- Strong 5.3% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 7.35%
- Payout Ratio
- 32%
- Annual Dividend
- $1.70
- 5-Yr Avg Growth
- 5.3%
- Ex-Dividend Date
- Sep 22, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 0.99
- Market Cap
- $454.7M
- P/E Ratio
- 4.8
- 5-Yr Total Return
- 8%
- 52-Week Range
- $19.50 – $23.82
- Dividend Safety
- A · 88/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
FFA Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+40%
5 Years
+8%
52-Week Range
$19.50 – $23.82
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FFA worth?
Undervaluedlow confidenceOur blended fair-value estimate for First Trust Enhanced Equity Income Fund is $29.03 per share, versus a market price of $22.80. That implies 27% of upside — a margin of safety of about 21%.
Fair Value
$29.03
Current Price
$22.80
Upside
+27%
Margin of Safety
21%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 5.3% stage-1 growth, 2.5% terminal growth, $4.78 EPS, $1.70 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FFA Dividend Safety Score
Very Safe
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 22, 2026 | — | $0.4250 | regular |
| Jun 22, 2026 | — | $0.3880 | regular |
| Mar 20, 2026 | — | $0.3880 | regular |
| Dec 22, 2025 | — | $0.3880 | regular |
| Sep 22, 2025 | — | $0.3880 | regular |
| Jun 23, 2025 | — | $0.3500 | regular |
| Mar 24, 2025 | — | $0.3500 | regular |
| Dec 20, 2024 | — | $0.3500 | regular |
| Sep 20, 2024 | — | $0.3500 | regular |
| Jun 21, 2024 | — | $0.3500 | regular |
| Mar 22, 2024 | — | $0.3150 | regular |
| Dec 22, 2023 | — | $0.3150 | regular |
| Sep 22, 2023 | — | $0.3150 | regular |
| Jun 22, 2023 | — | $0.3150 | regular |
Income Calculator
At $1.70 / yr per share
