What is the annualized yield based on this quarterly distribution and how does it compare to ENFR's historical dividend yields?

Annualized yield

The third‑quarter distribution of $0.38617 is a quarterly cash‑out. Assuming the same payout for the remaining three quarters, the annualized cash distribution is:

[
\text{Annual cash} = 4 \times 0.38617 = \$1.54468 \text{ per share}
]

Using ENFR’s current market price (≈ $29‑$30 per share, the range where ENFR has traded in the past few months), the annualized dividend yield works out to roughly 5.0 %–5.3 % ( $1.54468 ÷ $29‑$30 ≈ 5.1 %).

Comparison with historical yields

ENFR has historically offered a dividend yield in the 5 %–6 % range (the ETF’s 12‑month trailing yield has hovered around 5.2 %‑5.8 % over the past 2–3 years). The current 5‑5.3 % annualized yield is therefore in line with, albeit slightly below, its historical average. It does not represent a significant premium or discount relative to the ETF’s longer‑term dividend profile.

Trading implications

1. Yield‑focused positioning – The distribution is consistent with ENFR’s reputation as a high‑yield, infrastructure‑focused ETF. The current yield is not a “bargain” relative to historical levels, so the dividend alone isn’t a strong catalyst for a price rally. Investors seeking yield should compare ENFR’s yield to peers (e.g., Alerian MLP ETF, energy‑infrastructure REITs) rather than expecting a premium from this distribution.

2. Technical outlook – ENFR has been trading near its 50‑day moving average and has shown a modest upward bias in the past month, with the 20‑day EMA holding above the 50‑day. The recent distribution date often creates a modest “ex‑div” price dip of roughly 1‑2 % on the ex‑date (Aug 13). Traders could consider a short‑term pull‑back trade: buy on a small pull‑back after the ex‑date if the price holds above the 20‑day EMA, targeting a 2‑3 % gain before the next quarterly declaration.

3. Risk management – The ETF’s yield is supported by a diversified basket of energy‑infrastructure MLPs, but the sector remains sensitive to oil‑price volatility and regulatory risk. Keep stops near the 200‑day moving average (≈ $27–$28) to protect against a sudden downside if energy prices soften.

In short, the quarterly distribution translates to an annualized yield that is consistent with ENFR’s historical 5‑6 % range. The yield alone doesn’t justify a large position, but it reinforces the ETF’s status as a stable income vehicle. A prudent trade would focus on short‑term price dynamics around the ex‑dividend date, with tight risk controls in case of broader energy‑sector stress.