Tortoise Pipeline & Energy Fund Dividend
Dividend criteria checks 3/6
Tortoise Pipeline & Energy Fund is a dividend paying company with a current yield of 7.44%.
Key information
7.4%
Dividend yield
109%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | US$1.95 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Recent updates
TTP: A Lot To Like With This 8.12%-Yielding MLP CEF
Feb 06Tortoise Pipeline & Energy Fund: Better Choices Elsewhere
Dec 15Tortoise Pipeline & Energy Fund declares $0.59 dividend
Nov 10TTP: An Updated Look At This High Yield Pipeline And MLP Fund
Oct 02Tortoise Pipeline & Energy Fund goes ex-dividend tomorrow
Aug 22What's In Your Pipeline For Retirement? How About A CEF With A 9% Yield?
Jul 12Tortoise Pipeline & Energy Fund declares $0.16 dividend
May 10Tortoise Pipeline&Energy Fund declares $0.16 dividend
Nov 10Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TTP's dividend payments have been volatile in the past 10 years.
Growing Dividend: TTP's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Tortoise Pipeline & Energy Fund Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TTP) | 7.4% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.4% |
| Analyst forecast in 3 Years (TTP) | n/a |
Notable Dividend: TTP's dividend (7.44%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: TTP's dividend (7.44%) is in the top 25% of dividend payers in the US market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (109.4%), TTP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (43%), TTP's dividend payments are well covered by cash flows.