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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Dividend Payout Ratio : 0.23 (As of Nov. 2023)


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What is Tortoise Midstream Energy Fund, Dividend Payout Ratio?

Tortoise Midstream Energy Fund,'s dividend payout ratio for the months ended in Nov. 2023 was 0.23.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tortoise Midstream Energy Fund, Inc. is 2.07, which seems too high.

The historical rank and industry rank for Tortoise Midstream Energy Fund,'s Dividend Payout Ratio or its related term are showing as below:

NTG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14   Med: 1.04   Max: 2.07
Current: 2.07

During the past 7 years, the highest Dividend Payout Ratio of Tortoise Midstream Energy Fund, was 2.07. The lowest was 0.14. And the median was 1.04.

NTG's Dividend Payout Ratio is ranked worse than
85.91% of 937 companies
in the Asset Management industry
Industry Median: 0.83 vs NTG: 2.07

As of today (2024-04-25), the Dividend Yield % of Tortoise Midstream Energy Fund, is 7.91%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Tortoise Midstream Energy Fund, was 178.68%. The lowest was 4.24%. And the median was 10.12%.

Tortoise Midstream Energy Fund,'s Dividends per Share for the months ended in Nov. 2023 was $1.54.

During the past 3 years, the average Dividends Per Share Growth Rate was 1.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -33.40% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Tortoise Midstream Energy Fund, was 1.20% per year. The lowest was -54.00% per year. And the median was -43.65% per year.

The growth rate is calculated with least square regression.

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

Tortoise Midstream Energy Fund, Dividend Payout Ratio Historical Data

The historical data trend for Tortoise Midstream Energy Fund,'s Dividend Payout Ratio 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 Midstream Energy Fund, Dividend Payout Ratio Chart

Tortoise Midstream Energy Fund, Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Dividend Payout Ratio
Get a 7-Day Free Trial - - 0.14 0.26 2.07

Tortoise Midstream Energy Fund, Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.15 1.19 - 0.23

Competitive Comparison of Tortoise Midstream Energy Fund,'s Dividend Payout Ratio

For the Asset Management subindustry, Tortoise Midstream Energy Fund,'s Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Midstream Energy Fund,'s Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Midstream Energy Fund,'s Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tortoise Midstream Energy Fund,'s Dividend Payout Ratio falls into.


Tortoise Midstream Energy Fund, Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tortoise Midstream Energy Fund,'s Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Nov. 2023 )/ EPS without NRI (A: Nov. 2023 )
=3.08/ 1.49
=2.07

Tortoise Midstream Energy Fund,'s Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Nov. 2023 )/ EPS without NRI (Q: Nov. 2023 )
=1.54/ 6.84
=0.23

* 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 Midstream Energy Fund, (NYSE:NTG) Dividend Payout Ratio Explanation

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.

Tortoise Midstream Energy Fund, Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tortoise Midstream Energy Fund,'s Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) » Definitions » Dividend Payout Ratio
Comparable Companies
HIE ACV WIA JRS ETX GLO MFM NHS OPP GDO BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211
Website
https://www.tortoiseadvisors.com
Tortoise Midstream Energy Fund, Inc. is an investment management firm specializing in listed energy investments. It invests in assets and services that serve essential needs in society and can also serve essential client needs, such as diversification and income. Its investment vehicles include closed-end funds, open-end funds, private funds, exchange-traded funds, and insurance portfolio. The company has expertise in energy, credit, direct lending, and sustainable infrastructure.
Executives
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Michael Charles Perry officer: Vice President 6363 COLLEGE BOULEVARD, SUITE 100A, OVERLAND PARK KS 66211
Jennifer Paquette director 5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer director 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
Alexandra Herger director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens other: Member of Investment Committee 5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee officer: President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Prudential Gibraltar Financial Life Insurance Co., Ltd. 10 percent owner THE PRUDENTIAL TOWER, 2-13-10, NAGATA-CHO, CHIYODA-KU, TOKYO M0 100-0014
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
Nicholas Scott Holmes officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211