TORTOISE PIPELI/COM to Issue Quarterly Dividend of $0.29 (NYSE:TTP)
TORTOISE PIPELI/COM (NYSE:TTP) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.285 per share by the investment management company on Friday, February 28th. This represents a $1.14 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date is Thursday, February 20th.
TORTOISE PIPELI/COM has decreased its dividend by an average of 11.2% per year over the last three years.
NYSE:TTP traded up $0.05 during mid-day trading on Friday, reaching $12.44. 3,721 shares of the stock were exchanged, compared to its average volume of 56,407. The company has a 50 day simple moving average of $12.88 and a 200-day simple moving average of $12.72. TORTOISE PIPELI/COM has a 1 year low of $11.26 and a 1 year high of $15.86.
Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.
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