Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities. The fund primarily invests in securities of publicly traded Master Limited Partnerships and stocks of companies having a market capitalization greater than $100 million. Tortoise Energy Infrastructure Corporation was formed on October 29, 2003 and is domiciled in the United States.
Tortoise Energy Infrastructure Dividend Announcement
• Tortoise Energy Infrastructure announced a quarterly dividend of $0.78 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-23
• Tortoise Energy Infrastructure annual dividend for 2024 was $2.20
• Tortoise Energy Infrastructure annual dividend for 2023 was $2.84
• Tortoise Energy Infrastructure's trailing twelve-month (TTM) dividend yield is 7.29%
• Tortoise Energy Infrastructure's payout ratio for the trailing twelve months (TTM) is 29.45%
• Tortoise Energy Infrastructure's dividend growth over the last five years (2018-2023) was 1.63% year
• Tortoise Energy Infrastructure's dividend growth over the last ten years (2013-2023) was 2.19% year
Tortoise Energy Infrastructure Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | $0.78 | quarterly | 2024-08-30 |
2024-05-23 | $0.71 | quarterly | 2024-05-31 |
2024-02-21 | $0.71 | quarterly | 2024-02-29 |
2023-11-21 | $0.71 | quarterly | 2023-11-30 |
2023-08-23 | $0.71 | quarterly | 2023-08-31 |
2023-05-23 | $0.71 | quarterly | 2023-05-31 |
2023-02-17 | $0.71 | quarterly | 2023-02-28 |
2022-11-22 | $0.71 | quarterly | 2022-11-30 |
2022-08-23 | $0.71 | quarterly | 2022-08-31 |
2022-05-23 | $0.71 | quarterly | 2022-05-31 |
2022-02-17 | $0.71 | quarterly | 2022-02-28 |
2021-11-22 | $0.45 | quarterly | 2021-11-30 |
2021-08-23 | $0.36 | quarterly | 2021-08-31 |
2021-05-20 | $0.34 | quarterly | 2021-05-28 |
2021-02-18 | $0.32 | quarterly | 2021-02-26 |
2020-11-20 | $0.30 | quarterly | 2020-11-30 |
2020-07-23 | $0.30 | quarterly | 2020-07-31 |
2020-02-20 | $0.40 | quarterly | 2020-02-28 |
2019-11-21 | $0.66 | quarterly | 2019-11-29 |
2019-08-22 | $0.66 | quarterly | 2019-08-30 |
2019-05-23 | $0.66 | quarterly | 2019-05-31 |
2019-02-20 | $0.66 | quarterly | 2019-02-28 |
2018-11-21 | $0.66 | quarterly | 2018-11-30 |
2018-08-23 | $0.66 | quarterly | 2018-08-31 |
2018-05-23 | $0.66 | quarterly | 2018-05-31 |
2018-02-20 | $0.66 | quarterly | 2018-02-28 |
2017-11-21 | $0.66 | quarterly | 2017-11-30 |
2017-08-22 | $0.66 | quarterly | 2017-08-31 |
2017-05-22 | $0.66 | quarterly | 2017-05-31 |
2017-02-16 | $0.66 | quarterly | 2017-02-28 |
2016-11-21 | $0.66 | quarterly | 2016-11-30 |
2016-08-22 | $0.66 | quarterly | 2016-08-31 |
2016-05-20 | $0.66 | quarterly | 2016-05-31 |
2016-02-18 | $0.66 | quarterly | 2016-02-29 |
2015-11-19 | $0.66 | quarterly | 2015-11-30 |
2015-08-20 | $0.65 | quarterly | 2015-08-31 |
2015-05-20 | $0.65 | quarterly | 2015-05-29 |
2015-02-18 | $0.64 | quarterly | 2015-02-27 |
2014-11-19 | $0.61 | quarterly | 2014-11-28 |
2014-08-20 | $0.61 | quarterly | 2014-08-29 |
2014-05-20 | $0.58 | quarterly | 2014-05-30 |
2014-02-19 | $0.58 | quarterly | 2014-02-28 |
2013-11-20 | $0.57 | quarterly | 2013-11-29 |
2013-08-21 | $0.57 | quarterly | 2013-09-03 |
2013-05-21 | $0.57 | quarterly | 2013-06-03 |
2013-02-19 | $0.57 | quarterly | 2013-03-01 |
Tortoise Energy Infrastructure Dividend per year
Tortoise Energy Infrastructure Dividend growth
Tortoise Energy Infrastructure Dividend Yield
Tortoise Energy Infrastructure current trailing twelve-month (TTM) dividend yield is 7.29%. Interested in purchasing Tortoise Energy Infrastructure stock? Use our calculator to estimate your expected dividend yield:
Tortoise Energy Infrastructure Financial Ratios
Tortoise Energy Infrastructure Dividend FAQ
Other factors to consider when evaluating Tortoise Energy Infrastructure 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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1. Determination of Dividend: Tortoise Energy Infrastructure'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 Infrastructure 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 Infrastructure 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 Infrastructure 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 Infrastructure 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 Infrastructure 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 Infrastructure 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 Infrastructure'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 Infrastructure'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.