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

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 yield of 6.78%. The ex-dividend date of this dividend is Thursday, May 23rd.

Tortoise Pipeline & Energy Fund Stock Performance

Shares of TTP stock opened at $34.82 on Wednesday. The company’s fifty day moving average price is $31.95 and its 200-day moving average price is $29.65. Tortoise Pipeline & Energy Fund has a 12 month low of $24.75 and a 12 month 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.