Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Announces Quarterly Dividend of $0.63

Tortoise Energy Independence Fund, Inc. (NYSE:NDP) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 24th will be given a dividend of 0.63 per share on Friday, May 31st. This represents a $2.52 annualized dividend and a dividend yield of 7.24%. The ex-dividend date is Thursday, May 23rd.

Tortoise Energy Independence Fund has raised its dividend by an average of 46.6% per year over the last three years and has increased its dividend every year for the last 1 years.

Tortoise Energy Independence Fund Price Performance

Shares of NYSE:NDP opened at $34.82 on Wednesday. Tortoise Energy Independence Fund has a 12 month low of $26.93 and a 12 month high of $35.43. The stock’s 50 day moving average price is $33.72 and its 200 day moving average price is $30.90.

Tortoise Energy Independence Fund Company Profile

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.