First Trust Enhanced Equity Income Fund (FFA)Financial Services | Asset Management | Wheaton, United States | NYSE
22.54 USD
-0.05
(-0.243%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 22.54 |
Hot Take ↕ | July 11, 2026, 4:10 a.m. EDT
The most compelling aspect of this instrument is its robust income profile, delivering a nearly 7% yield with a sustainable payout ratio well below 40%, indicating the distribution is backed by real earnings rather than capital erosion. This reliability is reinforced by a consistent history of dividend increases over the last few years, making it a solid choice for income-focused investors seeking stability. However, the investment case faces headwinds regarding growth and valuation. While the underlying business shows strong profitability margins and a healthy return on equity, the fund is trading at a significant premium relative to its sales, which is unusual for an asset management vehicle and suggests the market is pricing in aggressive future expansion that hasn't materialized yet. Furthermore, recent annual performance data reveals a deceleration in growth, with the trailing twelve-month revenue actually contracting by over 5%. This stagnation in top-line growth limits the potential for significant capital appreciation, capping the long-term upside despite the attractive current yield. |
| Model | MAE |
|---|---|
| MSTL_79_126 ✓ | 0.020250 |
| MSTL_126 | 0.021493 |
| MSTL_79 | 0.025673 |
| MSTL | 0.028388 |
| AutoTheta | 0.032271 |
| AutoARIMA | 0.033819 |
| AutoETS | 0.033821 |
Forecast horizon: 60 days | Selected: MSTL_79_126
| Forecast Reliability | |
|---|---|
| Score | 61% |
| H-stat | 0.58 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.093 |
| Excess Kurtosis | -0.40 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-06-21 |
| Last Dividend Date | 2026-06-21 |
| Revenue per Share | 0.327 |
| Market Cap | 450,531,488 |
| Trailing P/E | 5.58 |
| Beta | 1.00 |
| Profit Margins | 1236.28% |
| Website | https://www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FFA |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.76% | 7.31% | 7.14% | 7.17% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-22 | 0.388 | 1.759637 |
| 2026-03-20 | 0.388 | 1.937094 |
| 2025-12-22 | 0.388 | 1.803812 |
| 2025-09-22 | 0.388 | 1.808015 |
| 2025-06-23 | 0.350 | 1.764113 |
| 2025-03-24 | 0.350 | 1.782985 |
| 2024-12-20 | 0.350 | 1.728395 |
| 2024-09-20 | 0.350 | 1.748252 |
| 2024-06-21 | 0.350 | 1.797637 |
| 2024-03-22 | 0.315 | 1.679104 |
| 2023-12-22 | 0.315 | 1.769663 |
| 2023-09-22 | 0.315 | 1.842105 |
| 2023-06-22 | 0.315 | 1.830331 |
| 2023-03-22 | 0.315 | 1.950464 |
| 2022-12-22 | 0.315 | 2.034884 |
| 2022-09-22 | 0.315 | 2.033570 |
| 2022-06-22 | 0.315 | 1.967520 |
| 2022-03-22 | 0.315 | 1.535088 |
| 2021-12-22 | 0.315 | 1.507177 |
| 2021-09-22 | 0.315 | 1.547912 |
| 2021-06-22 | 0.315 | 1.590909 |
| 2021-03-22 | 0.315 | 1.716621 |
| 2020-12-22 | 0.285 | 1.681416 |
| 2020-09-22 | 0.285 | 1.929587 |
| 2020-06-22 | 0.285 | 1.977793 |
| 2020-03-20 | 0.285 | 2.761628 |
| 2019-12-20 | 0.285 | 1.664720 |
| 2019-09-20 | 0.285 | 1.781250 |
| 2019-06-21 | 0.285 | 1.845855 |
| 2019-03-22 | 0.285 | 1.929587 |
| 2018-12-21 | 0.285 | 2.296535 |
| 2018-09-21 | 0.285 | 1.753846 |
| 2018-06-22 | 0.285 | 1.764706 |
| 2018-03-22 | 0.285 | 1.905080 |
| 2017-12-22 | 0.285 | 1.740990 |
| 2017-09-22 | 0.285 | 1.912752 |
| 2017-06-22 | 0.285 | 1.953393 |
| 2017-03-22 | 0.250 | 1.770538 |
| 2016-12-22 | 0.240 | 1.771218 |
| 2016-09-22 | 0.240 | 1.763409 |
| 2016-06-21 | 0.240 | 1.854714 |
| 2016-03-21 | 0.240 | 1.883830 |
| 2015-12-22 | 0.235 | 1.788432 |
| 2015-09-22 | 0.235 | 1.846033 |
| 2015-06-22 | 0.235 | 1.579301 |
| 2015-03-20 | 0.235 | 1.618457 |
| 2014-12-22 | 0.230 | 1.577503 |
| 2014-09-22 | 0.230 | 1.587302 |
| 2014-06-20 | 0.230 | 1.577503 |
| 2014-03-20 | 0.230 | 1.747720 |
| 2013-12-20 | 0.225 | 1.714939 |
| 2013-09-19 | 0.225 | 1.768868 |
| 2013-06-19 | 0.225 | 1.753702 |
| 2013-03-20 | 0.225 | 1.738794 |
| 2012-12-21 | 0.225 | 1.897133 |
| 2012-09-19 | 0.225 | 1.839738 |
| 2012-06-20 | 0.225 | 1.924722 |
| 2012-03-21 | 0.225 | 1.879699 |
| 2011-12-21 | 0.225 | 2.124646 |
| 2011-09-21 | 0.225 | 2.106742 |
| 2011-06-21 | 0.225 | 1.864126 |
| 2011-03-21 | 0.225 | 1.848809 |
| 2010-12-21 | 0.220 | 1.827243 |
| 2010-09-21 | 0.220 | 1.894918 |
| 2010-06-21 | 0.220 | 2.069614 |
| 2010-03-19 | 0.220 | 1.903114 |
| 2009-12-21 | 0.220 | 1.924759 |
| 2009-09-21 | 0.220 | 2.123552 |
| 2009-06-19 | 0.220 | 2.514286 |
| 2009-03-19 | 0.300 | 3.856041 |
| 2008-12-19 | 0.400 | 4.938271 |
| 2008-09-18 | 0.400 | 3.593890 |
| 2008-06-18 | 0.400 | 2.820874 |
| 2008-03-18 | 0.400 | 2.810963 |
| 2007-12-19 | 0.400 | 2.585650 |
| 2007-09-18 | 0.457 | 2.644676 |
| 2007-06-18 | 0.400 | 2.127660 |
| 2007-03-19 | 0.400 | 2.234637 |
| 2006-12-20 | 0.400 | 2.188184 |
| 2006-09-18 | 0.400 | 2.250985 |
| 2006-06-19 | 0.400 | 2.312139 |
| 2006-03-17 | 0.400 | 2.185792 |
| 2005-09-01 | 0.400 | 2.035623 |
| 2005-06-01 | 0.400 | 2.039776 |
| 2004-12-20 | 0.503 | 2.590113 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.091260314 |
| Address1 | 120 East Liberty Drive |
| Address2 | Suite 400 |
| All Time High | 23.24 |
| All Time Low | 6.69 |
| Ask | 22.62 |
| Ask Size | 1,000 |
| Average Daily Volume10 Day | 32,640 |
| Average Daily Volume3 Month | 28,081 |
| Average Volume | 28,081 |
| Average Volume10Days | 32,640 |
| Beta | 0.995 |
| Bid | 22.45 |
| Bid Size | 100 |
| Book Value | 23.72 |
| City | Wheaton |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 22.54 |
| Current Ratio | 4.906 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 22.65 |
| Day Low | 22.5201 |
| Dividend Date | 1,546,214,400 |
| Dividend Rate | 1.55 |
| Dividend Yield | 6.86 |
| Earnings Growth | 1.118 |
| Earnings Quarterly Growth | 1.118 |
| Earnings Timestamp End | 1,741,604,340 |
| Earnings Timestamp Start | 1,741,604,340 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 68.358 |
| Enterprise Value | 446,490,112 |
| Eps Trailing Twelve Months | 4.04 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,782,086,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 22.484 |
| Fifty Day Average Change | 0.056001663 |
| Fifty Day Average Change Percent | 0.002490734 |
| Fifty Two Week Change Percent | 9.126032 |
| Fifty Two Week High | 23.24 |
| Fifty Two Week High Change | -0.69999886 |
| Fifty Two Week High Change Percent | -0.030120432 |
| Fifty Two Week Low | 19.5 |
| Fifty Two Week Low Change | 3.040001 |
| Fifty Two Week Low Change Percent | 0.15589748 |
| Fifty Two Week Range | 19.5 - 23.24 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,093,613,400,000 |
| Five Year Avg Dividend Yield | 6.86 |
| Full Exchange Name | NYSE |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 6,531,644 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0 |
| Held Percent Institutions | 0.32775003 |
| Implied Shares Outstanding | 19,988,086 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Ir Website | http://www.ftportfolios.com/Retail/cef/CEFdividhistory.aspx?Ticker=FFA |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,782,086,400 |
| Last Dividend Value | 0.388 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors. It invests in stocks of companies across diversified market capitalizations. The fund also writes covered call options. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was formerly known as First Trust/Fiduciary Asset Management Covered Call Fund. First Trust Enhanced Equity Income Fund was formed on August 26, 2004 and is domiciled in the United States. |
| Long Name | First Trust Enhanced Equity Income Fund |
| Market | us_market |
| Market Cap | 450,531,488 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_10113013 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | 80,749,280 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 451,630,780 |
| Open | 22.54 |
| Operating Margins | 0.20561 |
| Payout Ratio | 0.3651 |
| Phone | 630-765-8000 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 22.54 |
| Post Market Time | 1,783,976,700 |
| Previous Close | 22.595 |
| Price Hint | 2 |
| Price To Book | 0.950253 |
| Price To Sales Trailing12 Months | 68.97674 |
| Profit Margins | 12.36278 |
| Quick Ratio | 4.903 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.0549984 |
| Regular Market Change Percent | -0.24341 |
| Regular Market Day High | 22.65 |
| Regular Market Day Low | 22.5201 |
| Regular Market Day Range | 22.5201 - 22.65 |
| Regular Market Open | 22.54 |
| Regular Market Previous Close | 22.595 |
| Regular Market Price | 22.54 |
| Regular Market Time | 1,783,972,803 |
| Regular Market Volume | 21,115 |
| Return On Assets | 0.00228 |
| Return On Equity | 0.18004999 |
| Revenue Growth | -0.051 |
| Revenue Per Share | 0.327 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 19,988,085 |
| Shares Percent Shares Out | 0.0001 |
| Shares Short | 1,797 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 4,297 |
| Short Name | First Trust Enhanced Equity Inc |
| Short Percent Of Float | 0.0002 |
| Short Ratio | 0.05 |
| Source Interval | 15 |
| State | IL |
| Symbol | FFA |
| Total Cash | 4,041,310 |
| Total Cash Per Share | 0.202 |
| Total Debt | 0 |
| Total Revenue | 6,531,644 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.475 |
| Trailing Annual Dividend Yield | 0.06527993 |
| Trailing Eps | 4.04 |
| Trailing P E | 5.5792084 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 21.8053 |
| Two Hundred Day Average Change | 0.73470116 |
| Two Hundred Day Average Change Percent | 0.033693697 |
| Type Disp | Equity |
| Volume | 21,115 |
| Website | https://www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FFA |
| Zip | 60,187 |