First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Dividend Payout Ratio : 0.66 (As of Oct. 2023)

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What is First Trust New Opportunities MLP & Energy Fund Dividend Payout Ratio?

First Trust New Opportunities MLP & Energy Fund's dividend payout ratio for the months ended in Oct. 2023 was 0.66.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of First Trust New Opportunities MLP & Energy Fund is 0.79, which seems too high.

The historical rank and industry rank for First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio or its related term are showing as below:

FPL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.79 Max: 4.5
Current: 0.79

During the past 7 years, the highest Dividend Payout Ratio of First Trust New Opportunities MLP & Energy Fund was 4.50. The lowest was 0.21. And the median was 0.79.

FPL's Dividend Payout Ratio is ranked better than
52.72% of 939 companies
in the Asset Management industry
Industry Median: 0.82 vs FPL: 0.79

As of today (2024-04-26), the Dividend Yield % of First Trust New Opportunities MLP & Energy Fund is 5.82%.

During the past 7 years, the highest Trailing Annual Dividend Yield of First Trust New Opportunities MLP & Energy Fund was 25.42%. The lowest was 5.80%. And the median was 10.87%.

First Trust New Opportunities MLP & Energy Fund's Dividends per Share for the months ended in Oct. 2023 was $0.23.

During the past 3 years, the average Dividends Per Share Growth Rate was -11.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -18.60% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of First Trust New Opportunities MLP & Energy Fund was -11.00% per year. The lowest was -27.30% per year. And the median was -20.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

First Trust New Opportunities MLP & Energy Fund Dividend Payout Ratio Historical Data

The historical data trend for First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Trust New Opportunities MLP & Energy Fund Dividend Payout Ratio Chart

First Trust New Opportunities MLP & Energy Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Dividend Payout Ratio

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1.02

0.21

0.42

0.79

First Trust New Opportunities MLP & Energy Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Dividend Payout Ratio	Get a 7-Day Free Trial								0.59	0.27	0.89	0.98	0.66

Competitive Comparison of First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio

For the Asset Management subindustry, First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio falls into.

First Trust New Opportunities MLP & Energy Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2023 )	/	EPS without NRI (A: Oct. 2023 )
	=	0.45	/	0.57
	=	0.79

First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio for the quarter that ended in Oct. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Oct. 2023 )	/	EPS without NRI (Q: Oct. 2023 )
	=	0.225	/	0.34
	=	0.66

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

First Trust New Opportunities MLP & Energy Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of First Trust New Opportunities MLP & Energy Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Westport Road, Suite C101a, Wilton, CT, USA, 06897

Website

http://www.ftportfolios.com

First Trust New Opportunities MLP & Energy Fund is a non-diversified, closed-end management investment company. Its investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The fund invests in equity and debt securities of MLPs, MLP-related entities and other energy utility companies.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James Murchie	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
John K Tysseland	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVE., WESTPORT CT 06880
Nandita Hogan	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Niel B Nielson	director	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Eva Pao	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Richard E Erickson	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
First Trust Portfolios Lp	other: Affiliate-Investment Advisor	12O EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James M Dykas	officer: Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Daniel J Lindquist	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187