Tortoise Energy Independence Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Energy Independence Fund, Inc. was formed on July 26, 2005 2012 is domiciled in the United States.
Tortoise Energy Independence Fund Dividend Announcement
• Tortoise Energy Independence Fund announced a quarterly dividend of $0.63 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-23
• Tortoise Energy Independence Fund annual dividend for 2024 was $1.89
• Tortoise Energy Independence Fund annual dividend for 2023 was $2.52
• Tortoise Energy Independence Fund's trailing twelve-month (TTM) dividend yield is 6.36%
• Tortoise Energy Independence Fund's payout ratio for the trailing twelve months (TTM) is 23.44%
• Tortoise Energy Independence Fund's dividend growth over the last five years (2018-2023) was 7.54% year
• Tortoise Energy Independence Fund's dividend growth over the last ten years (2013-2023) was 3.70% year
Tortoise Energy Independence Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | $0.63 | quarterly | 2024-08-30 |
2024-05-23 | $0.63 | quarterly | |
2024-02-21 | $0.63 | quarterly | 2024-02-29 |
2023-11-21 | $0.63 | quarterly | 2023-11-30 |
2023-08-23 | $0.63 | quarterly | 2023-08-31 |
2023-05-23 | $0.63 | quarterly | 2023-05-31 |
2023-02-17 | $0.63 | quarterly | 2023-02-28 |
2022-11-22 | $0.56 | quarterly | 2022-11-30 |
2022-08-23 | $0.56 | quarterly | 2022-08-31 |
2022-05-23 | $0.48 | quarterly | 2022-05-31 |
2022-02-17 | $0.48 | quarterly | 2022-02-28 |
2021-11-22 | $0.31 | quarterly | 2021-11-30 |
2021-08-23 | $0.31 | quarterly | 2021-08-31 |
2020-02-20 | $0.10 | quarterly | 2020-02-28 |
2019-11-21 | $0.10 | quarterly | 2019-11-29 |
2019-08-22 | $0.10 | quarterly | 2019-08-30 |
2019-05-23 | $0.44 | quarterly | 2019-05-31 |
2019-02-20 | $0.44 | quarterly | 2019-02-28 |
2018-11-21 | $0.44 | quarterly | 2018-11-30 |
2018-08-23 | $0.44 | quarterly | 2018-08-31 |
2018-05-23 | $0.44 | quarterly | 2018-05-31 |
2018-02-20 | $0.44 | quarterly | 2018-02-28 |
2017-11-21 | $0.44 | quarterly | 2017-11-30 |
2017-08-22 | $0.44 | quarterly | 2017-08-31 |
2017-05-22 | $0.44 | quarterly | 2017-05-31 |
2017-02-16 | $0.44 | quarterly | 2017-02-28 |
2016-11-21 | $0.44 | quarterly | |
2016-08-22 | $0.44 | quarterly | |
2016-05-20 | $0.44 | quarterly | |
2016-02-18 | $0.44 | quarterly | |
2015-11-19 | $0.44 | quarterly | |
2015-08-20 | $0.44 | quarterly | |
2015-05-20 | $0.44 | quarterly | |
2015-02-18 | $0.44 | quarterly | |
2014-11-19 | $0.44 | quarterly | |
2014-08-20 | $0.44 | quarterly | |
2014-05-20 | $0.44 | quarterly | |
2014-02-19 | $0.44 | quarterly | |
2013-11-20 | $0.44 | quarterly | |
2013-08-21 | $0.44 | quarterly | |
2013-05-21 | $0.44 | quarterly | |
2013-02-19 | $0.44 | quarterly |
Tortoise Energy Independence Fund Dividend per year
Tortoise Energy Independence Fund Dividend growth
Tortoise Energy Independence Fund Dividend Yield
Tortoise Energy Independence Fund current trailing twelve-month (TTM) dividend yield is 6.36%. Interested in purchasing Tortoise Energy Independence Fund stock? Use our calculator to estimate your expected dividend yield:
Tortoise Energy Independence Fund Financial Ratios
Tortoise Energy Independence Fund Dividend FAQ
Other factors to consider when evaluating Tortoise Energy Independence Fund as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Tortoise Energy Independence Fund's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Tortoise Energy Independence Fund publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Tortoise Energy Independence Fund distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Tortoise Energy Independence Fund are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Tortoise Energy Independence Fund sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Tortoise Energy Independence Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tortoise Energy Independence Fund declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Tortoise Energy Independence Fund's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Tortoise Energy Independence Fund's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.