Tortoise Energy Independence Fund, Inc. (NYSE:NDP – Get Rating) announced a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Shareholders of record on Tuesday, May 24th will be given a dividend of 0.48 per share on Tuesday, May 31st. This represents a $1.92 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date of this dividend is Monday, May 23rd.
Tortoise Energy Independence Fund has decreased its dividend payment by an average of 64.6% annually over the last three years and has increased its dividend every year for the last 1 years.
NDP traded down $0.39 during trading on Thursday, reaching $28.51. 4,403 shares of the company’s stock were exchanged, compared to its average volume of 17,400. Tortoise Energy Independence Fund has a one year low of $18.06 and a one year high of $32.85. The firm has a fifty day moving average price of $29.51 and a two-hundred day moving average price of $26.22.
Tortoise Energy Independence Fund Company Profile (Get Rating)
Tortoise Energy Independence Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio.
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