Tortoise Pipeline and Energy Fund Inc (NYSE:TTP) announced a quarterly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Wednesday, February 21st will be paid a dividend of 0.4075 per share by the investment management company on Wednesday, February 28th. This represents a $1.63 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Tuesday, February 20th.
Shares of Tortoise Pipeline and Energy Fund (TTP) traded up $0.42 during trading on Monday, hitting $18.07. The company’s stock had a trading volume of 41,523 shares, compared to its average volume of 56,863. Tortoise Pipeline and Energy Fund has a 12 month low of $16.25 and a 12 month high of $22.02.
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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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