Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) to Issue $0.59 Quarterly Dividend

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Friday, May 24th will be paid a dividend of 0.59 per share by the investment management company on Friday, May 31st. This represents a $2.36 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Thursday, May 23rd.

Tortoise Pipeline & Energy Fund Stock Up 0.4 %

Shares of NYSE TTP opened at $34.82 on Wednesday. The business has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $29.65. Tortoise Pipeline & Energy Fund has a fifty-two week low of $24.75 and a fifty-two week high of $34.96.

Tortoise Pipeline & Energy Fund Company Profile

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.