Tortoise Pipeline and Energy Fund (TTP) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Media stories about Tortoise Pipeline and Energy Fund (NYSE:TTP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tortoise Pipeline and Energy Fund earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 44.9123773885001 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Tortoise Pipeline and Energy Fund (NYSE TTP) traded up 0.8288% during midday trading on Wednesday, reaching $18.1996. The company had a trading volume of 22,684 shares. Tortoise Pipeline and Energy Fund has a 12-month low of $17.53 and a 12-month high of $22.51. The company has a 50-day moving average of $19.38 and a 200-day moving average of $20.46.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th will be paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 9.03%. The ex-dividend date is Tuesday, August 22nd.
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About Tortoise Pipeline and Energy Fund
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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