Tortoise Pipeline & Energy Fund (Tortoise Pipeline & Energy Fund) Dividend Payout Ratio : 0.21 (As of Nov. 2023)

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What is Tortoise Pipeline & Energy Fund Dividend Payout Ratio?

Tortoise Pipeline & Energy Fund's dividend payout ratio for the 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.

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

TTP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.26 Max: 1.07
Current: 1.07

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.

TTP's Dividend Payout Ratio is ranked worse than
66.06% of 937 companies
in the Asset Management industry
Industry Median: 0.83 vs TTP: 1.07

As of today (2024-04-24), the Dividend Yield % of Tortoise Pipeline & Energy Fund is 7.31%.

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

Tortoise Pipeline & Energy Fund's Dividends per Share for the 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 Payout Ratio Historical Data

The historical data trend for Tortoise Pipeline & 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 Pipeline & Energy Fund Dividend Payout Ratio Chart

Tortoise Pipeline & Energy Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

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0.12

0.26

1.07

Tortoise Pipeline & 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								-	0.13	8.49	-	0.21

Competitive Comparison of Tortoise Pipeline & Energy Fund's Dividend Payout Ratio

For the Asset Management subindustry, Tortoise Pipeline & 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 Pipeline & Energy Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

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

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

Tortoise Pipeline & Energy Fund Dividend Payout Ratio Calculation

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

Tortoise Pipeline & 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 )
	=	2.36	/	2.21
	=	1.07

Tortoise Pipeline & 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 )
	=	1.18	/	5.65
	=	0.21

Tortoise Pipeline & Energy Fund (NYSE:TTP) 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 Pipeline & Energy Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tortoise Pipeline & Energy Fund's Dividend Payout Ratio 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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Pipeline & Energy Fund Inc (NYSE:TTP) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, Leawood, KS, USA, 66211

Website

https://www.tortoiseecofin.com

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