Tortoise Pipeline and Energy Fund Inc (NYSE:TTP) Declares $0.41 Quarterly Dividend
Tortoise Pipeline and Energy Fund Inc (NYSE:TTP) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Thursday, August 24th will be paid a dividend of 0.4075 per share by the investment management company on Thursday, August 31st. This represents a $1.63 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Shares of Tortoise Pipeline and Energy Fund (TTP) traded down 1.88% during midday trading on Tuesday, reaching $18.80. 59,076 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $19.29 and a 200-day moving average of $20.64. Tortoise Pipeline and Energy Fund has a 1-year low of $17.53 and a 1-year high of $22.51.
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Tortoise Pipeline and Energy Fund Company Profile
Tortoise Pipeline & Energy Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions. The Fund invests primarily in equity securities of North American pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products, and in other energy infrastructure companies.
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