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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 dateDividend amountDividend typePay date
2024-08-23$0.63quarterly2024-08-30
2024-05-23$0.63quarterly
2024-02-21$0.63quarterly2024-02-29
2023-11-21$0.63quarterly2023-11-30
2023-08-23$0.63quarterly2023-08-31
2023-05-23$0.63quarterly2023-05-31
2023-02-17$0.63quarterly2023-02-28
2022-11-22$0.56quarterly2022-11-30
2022-08-23$0.56quarterly2022-08-31
2022-05-23$0.48quarterly2022-05-31
2022-02-17$0.48quarterly2022-02-28
2021-11-22$0.31quarterly2021-11-30
2021-08-23$0.31quarterly2021-08-31
2020-02-20$0.10quarterly2020-02-28
2019-11-21$0.10quarterly2019-11-29
2019-08-22$0.10quarterly2019-08-30
2019-05-23$0.44quarterly2019-05-31
2019-02-20$0.44quarterly2019-02-28
2018-11-21$0.44quarterly2018-11-30
2018-08-23$0.44quarterly2018-08-31
2018-05-23$0.44quarterly2018-05-31
2018-02-20$0.44quarterly2018-02-28
2017-11-21$0.44quarterly2017-11-30
2017-08-22$0.44quarterly2017-08-31
2017-05-22$0.44quarterly2017-05-31
2017-02-16$0.44quarterly2017-02-28
2016-11-21$0.44quarterly
2016-08-22$0.44quarterly
2016-05-20$0.44quarterly
2016-02-18$0.44quarterly
2015-11-19$0.44quarterly
2015-08-20$0.44quarterly
2015-05-20$0.44quarterly
2015-02-18$0.44quarterly
2014-11-19$0.44quarterly
2014-08-20$0.44quarterly
2014-05-20$0.44quarterly
2014-02-19$0.44quarterly
2013-11-20$0.44quarterly
2013-08-21$0.44quarterly
2013-05-21$0.44quarterly
2013-02-19$0.44quarterly

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

P/E ratio3.64
PEG ratio0.04
P/B ratio1.00
ROE28.99%
Payout ratio23.44%
Current ratio0.00
Quick ratio0.00
Cash Ratio-0.03

Tortoise Energy Independence Fund Dividend FAQ

How much is the next Tortoise Energy Independence Fund dividend?
Tortoise Energy Independence Fund's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Tortoise Energy Independence Fund dividend. The next Tortoise Energy Independence Fund dividend will be released in February, May, August, or November.
When is Tortoise Energy Independence Fund dividend paid?
Tortoise Energy Independence Fund pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Tortoise Energy Independence Fund pay?
The specific amount of Tortoise Energy Independence Fund dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Tortoise Energy Independence Fund's dividend history.
Does Tortoise Energy Independence Fund stock pay dividends?
Yes, Tortoise Energy Independence Fund does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Tortoise Energy Independence Fund's dividend history.
How much dividend does Tortoise Energy Independence Fund pay?
Tortoise Energy Independence Fund paid $1.89 in 2024, $2.52 in 2023, $2.08 in 2022, $0.62 in 2021, and $0.1 in 2020.
How often does Tortoise Energy Independence Fund pay dividends?
Tortoise Energy Independence Fund typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Tortoise Energy Independence Fund's dividend yield?
The current dividend yield for Tortoise Energy Independence Fund is 6.36%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Tortoise Energy Independence Fund's exact dividend yield.
When does Tortoise Energy Independence Fund go ex dividend?
Tortoise Energy Independence Fund's ex-dividend date for the latest dividend was on 2024-08-23. Tortoise Energy Independence Fund typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Tortoise Energy Independence Fund dividend paid?
Tortoise Energy Independence Fund pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Tortoise Energy Independence Fund increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Tortoise Energy Independence Fund will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Tortoise Energy Independence Fund dividend per share?
Tortoise Energy Independence Fund paid $1.89 per share in 2024 and $2.52 per share in 2023. The amount of dividend per share that Tortoise Energy Independence Fund pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Tortoise Energy Independence Fund a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Tortoise Energy Independence Fund a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Tortoise Energy Independence Fund a dividend stock?
Yes, Tortoise Energy Independence Fund is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Tortoise Energy Independence Fund a good dividend stock?
Whether Tortoise Energy Independence Fund is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Tortoise Energy Independence Fund has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Tortoise Energy Independence Fund pay dividends monthly?
Tortoise Energy Independence Fund typically pays dividends on a quarterly basis.
Does Tortoise Energy Independence Fund pay dividends quarterly?
Tortoise Energy Independence Fund currently pays dividends on a quarterly basis.
Has Tortoise Energy Independence Fund ever paid a dividend?
Yes, Tortoise Energy Independence Fund has a history of paying dividends to its shareholders. Tortoise Energy Independence Fund is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Tortoise Energy Independence Fund dividend stocks?
To buy Tortoise Energy Independence Fund you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Tortoise Energy Independence Fund stock.

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.
When does Tortoise Energy Independence Fund pay dividends 2024?
Tortoise Energy Independence Fund pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-30. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Tortoise Energy Independence Fund increase its dividend in 2024?
Decisions regarding Tortoise Energy Independence Fund dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Tortoise Energy Independence Fund dividend overview you can look into the above table of dividend history.
How Tortoise Energy Independence Fund dividend works?
The Tortoise Energy Independence Fund dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Tortoise Energy Independence Fund's dividend process works:

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.
How are Tortoise Energy Independence Fund dividends paid?
Tortoise Energy Independence Fund dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Tortoise Energy Independence Fund pay dividends?
Tortoise Energy Independence Fund typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Tortoise Energy Independence Fund pay dividends?
The general pattern is that Tortoise Energy Independence Fund pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Tortoise Energy Independence Fund dividend safe?
The safety of Tortoise Energy Independence Fund's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.