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Tortoise Pipeline & Energy Fund (Tortoise Pipeline & Energy Fund) Dividend Yield %

: 7.46% (As of Today)
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As of today (2024-04-19), the Trailing Annual Dividend Yield of Tortoise Pipeline & Energy Fund is 7.46%.

The historical rank and industry rank for Tortoise Pipeline & Energy Fund's Dividend Yield % or its related term are showing as below:

TTP' s Dividend Yield % Range Over the Past 10 Years
Min: 3.41   Med: 8.87   Max: 53.27
Current: 7.46

During the past 7 years, the highest Dividend Yield of Tortoise Pipeline & Energy Fund was 53.27%. The lowest was 3.41%. And the median was 8.87%.

TTP's Dividend Yield % is ranked better than
64.5% of 1217 companies
in the Asset Management industry
Industry Median: 5.66 vs TTP: 7.46

Tortoise Pipeline & Energy Fund's Dividend Payout Ratio for the six months ended in Nov. 2023 was 0.21.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tortoise Pipeline & Energy Fund Inc is 1.07, which seems too high.

During the past 7 years, the highest Dividend Payout Ratio of Tortoise Pipeline & Energy Fund was 1.07. The lowest was 0.12. And the median was 0.26.

As of today (2024-04-19), the Forward Dividend Yield % of Tortoise Pipeline & Energy Fund is 7.46%.

Tortoise Pipeline & Energy Fund's Dividends per Share for the six months ended in Nov. 2023 was $1.18.

During the past 3 years, the average Dividends Per Share Growth Rate was 13.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -20.60% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Tortoise Pipeline & Energy Fund was 13.40% per year. The lowest was -45.40% per year. And the median was -30.95% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Tortoise Pipeline & Energy Fund Dividend Yield % Historical Data

The historical data trend for Tortoise Pipeline & Energy Fund's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tortoise Pipeline & Energy Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Dividend Yield %
Premium Member Only Premium Member Only 12.02 10.69 4.58 8.26 8.42

Tortoise Pipeline & Energy Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.58 6.45 8.26 9.51 8.42

Competitive Comparison

For the Asset Management subindustry, Tortoise Pipeline & Energy Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tortoise Pipeline & Energy Fund Dividend Yield % Distribution

For the Asset Management industry and Financial Services sector, Tortoise Pipeline & Energy Fund's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Tortoise Pipeline & Energy Fund's Dividend Yield % falls into.



Tortoise Pipeline & Energy Fund Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Tortoise Pipeline & Energy Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.5902024-02-212024-02-222024-02-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.5902023-11-212023-11-222023-11-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.5902023-08-232023-08-242023-08-31Cash DividendquarterlyUSD:USD 1.000000
USD 0.5902023-05-232023-05-242023-05-31Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Tortoise Pipeline & Energy Fund's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=2.36/31.595
=7.47 %

Current Share Price is $31.595.
Tortoise Pipeline & Energy Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.36.

Tortoise Pipeline & Energy Fund's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=2.36/31.595
=7.47 %

Current Share Price is $31.595.
Tortoise Pipeline & Energy Fund's Dividends per Share for the forward twelve months is calculated as $0.59 * 4 = $2.36.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tortoise Pipeline & Energy Fund  (NYSE:TTP) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Tortoise Pipeline & Energy Fund Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Tortoise Pipeline & Energy Fund's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tortoise Pipeline & Energy Fund (Tortoise Pipeline & Energy Fund) Business Description

Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Suite 100A, Overland Park, Leawood, KS, USA, 66211
Tortoise Pipeline & Energy Fund Inc is a non-diversified, closed-end investment management company. It invests in equity securities of North American pipeline companies that transport natural gas, natural gas liquids, crude oil, and refined products. The company seeks to invest in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.
Executives
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette director 5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee other: Member of Investment Committee 5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney director 11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
P. Bradley Adams officer: Chief Financial Officer 5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens officer: President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Shobana Gopal officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe officer: Vice President & Asst Treas. 6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Gengler Courtney officer: Vice President 5200 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
James Ryan Mick other: Member of Investment Committee 11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Prudential Insurance Co Of America 10 percent owner 751 BROAD STREET, NEWARK NJ 07102
Prudential Financial Inc 10 percent owner 751 BROAD ST, NEWARK NJ 07102

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