EMLP vs MLPI
First Trust North American Energy Infrastructure Fund compared with Neos Mlp & Energy Infrastructure High Income ETF on yield, payout growth, payment schedule, cost and risk.
EMLP
First Trust North American Energy Infrastructure Fund
TTM yield · Quarterly
MLPI
Neos Mlp & Energy Infrastructure High Income ETF
TTM yield · Monthly
Quick take
- MLPI yields more today: 14.60% vs 2.81% (forward).
- EMLP pays every quarter; MLPI pays every month.
- MLPI is cheaper to own: 0.68% vs 0.95% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | EMLP | MLPI |
|---|---|---|
| Share price | $44.40 | $54.63 |
| TTM yield | 2.73% | 10.95% |
| Forward yield | 2.81% | 14.60% |
| Annual payout per share | $1.248 | $7.9773 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Sep 24, 2026 (est.) | Sep 16, 2026 (est.) |
| Expense ratio | 0.95% | 0.68% |
| 1-year payout growth | +4.3% | — |
| 5-year payout CAGR | +7.0% | — |
| Consecutive years of increases | 4 years | 0 years |
| Payout consistency (last 12) | 93/100 | 97/100 |
| 1-year total return | +20.1% | — |
| 1-year price return | +16.9% | — |
| Size (market cap / AUM) | 4.2B | 919.3M |
| Years paying | 14.0 | 0.7 |
| Sector / category | Energy Limited Partnership | Energy Limited Partnership |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| EMLP | MLPI | |
|---|---|---|
| Shares | 225.2 | 183.0 |
| Income per year | $281 | $1,460 |
| Income per month (avg) | $23 | $122 |
At forward yields, before taxes. Model EMLP · Model MLPI
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| EMLP Sep 24, 2026 | Oct 8, 2026 | $0.312 | Est. |
| EMLP Dec 24, 2026 | Jan 7, 2027 | $0.312 | Est. |
| EMLP Mar 25, 2027 | Apr 8, 2027 | $0.312 | Est. |
| MLPI Sep 16, 2026 | Sep 30, 2026 | $0.6648 | Est. |
| MLPI Oct 14, 2026 | Oct 28, 2026 | $0.6648 | Est. |
| MLPI Nov 11, 2026 | Nov 25, 2026 | $0.6648 | Est. |
Annual payouts per share
EMLPMLPI
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, EMLP or MLPI?
MLPI currently has the higher trailing yield: EMLP yields 2.73% and MLPI yields 10.95%. Yield changes daily with price, so check the live figures above.
How often do EMLP and MLPI pay?
EMLP pays every quarter and MLPI pays every month. EMLP's next ex-date is Sep 24, 2026 and MLPI's is Sep 16, 2026.
Is EMLP or MLPI better for income?
It depends on what you are optimising for. EMLP and MLPI differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.