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 given 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 dividend yield of 9.01%. The ex-dividend date is Tuesday, August 22nd.
Tortoise Pipeline and Energy Fund (NYSE:TTP) traded down 0.33% during mid-day trading on Friday, hitting $18.09. 28,104 shares of the company’s stock were exchanged. Tortoise Pipeline and Energy Fund has a 52 week low of $17.53 and a 52 week high of $22.51. The firm has a 50 day moving average of $19.30 and a 200 day moving average of $20.41.
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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