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Tortoise MLP Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships. It 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 MLP Fund, Inc. was formed on July 27, 2010 is domiciled in United States.

Tortoise Midstream Energy Fund Dividend Announcement

Tortoise Midstream Energy Fund announced a quarterly dividend of $0.81 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-23
Tortoise Midstream Energy Fund annual dividend for 2024 was $2.35
Tortoise Midstream Energy Fund annual dividend for 2023 was $3.08
Tortoise Midstream Energy Fund's trailing twelve-month (TTM) dividend yield is 6.21%
Tortoise Midstream Energy Fund's payout ratio for the trailing twelve months (TTM) is 21.71%
Tortoise Midstream Energy Fund's dividend growth over the last five years (2018-2023) was 12.73% year
Tortoise Midstream Energy Fund's dividend growth over the last ten years (2013-2023) was 6.30% year

Tortoise Midstream Energy Fund Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-23$0.81quarterly2024-08-30
2024-05-23$0.77quarterly2024-05-31
2024-02-21$0.77quarterly2024-02-29
2023-11-21$0.77quarterly2023-11-30
2023-08-23$0.77quarterly2023-08-31
2023-05-23$0.77quarterly2023-05-31
2023-02-17$0.77quarterly2023-02-28
2022-11-22$0.77quarterly2022-11-30
2022-08-23$0.77quarterly2022-08-31
2022-05-23$0.77quarterly2022-05-31
2022-02-17$0.77quarterly2022-02-28
2021-11-22$0.57quarterly2021-11-30
2021-08-23$0.39quarterly2021-08-31
2021-05-20$0.36quarterly2021-05-28
2021-02-18$0.33quarterly2021-02-26
2020-11-20$0.31quarterly2020-11-30
2020-07-23$0.31quarterly2020-07-31
2020-02-20$0.23quarterly2020-02-28
2019-11-21$0.42quarterly2019-11-29
2019-08-22$0.42quarterly2019-08-30
2019-05-23$0.42quarterly2019-05-31
2019-02-20$0.42quarterly2019-02-28
2018-11-21$0.42quarterly2018-11-30
2018-07-02$0.42quarterly2018-08-31
2018-05-23$0.42quarterly2018-05-31
2018-02-20$0.42quarterly2018-02-28
2017-11-21$0.42quarterly2017-11-30
2017-08-22$0.42quarterly2017-08-31
2017-05-22$0.42quarterly2017-05-31
2017-02-16$0.42quarterly2017-02-28
2016-11-21$0.42quarterly2016-11-30
2016-08-22$0.42quarterly2016-08-31
2016-05-20$0.42quarterly2016-05-31
2016-02-18$0.42quarterly2016-02-29
2015-11-19$0.42quarterly2015-11-30
2015-08-20$0.42quarterly2015-07-31
2015-05-20$0.42quarterly2015-05-29
2015-02-18$0.42quarterly2015-02-27
2014-11-19$0.42quarterly2014-11-28
2014-08-20$0.42quarterly2014-08-29
2014-05-20$0.42quarterly2014-05-30
2014-02-19$0.42quarterly2014-02-28
2013-11-20$0.42quarterly2013-11-29
2013-08-21$0.42quarterly2013-09-03
2013-05-21$0.42quarterly2013-06-03
2013-02-19$0.42quarterly2013-03-01

Tortoise Midstream Energy Fund Dividend per year

Tortoise Midstream Energy Fund Dividend growth

Tortoise Midstream Energy Fund Dividend Yield

Tortoise Midstream Energy Fund current trailing twelve-month (TTM) dividend yield is 6.21%. Interested in purchasing Tortoise Midstream Energy Fund stock? Use our calculator to estimate your expected dividend yield:

Tortoise Midstream Energy Fund Financial Ratios

P/E ratio3.49
PEG ratio0.02
P/B ratio1.04
ROE31.57%
Payout ratio21.71%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Tortoise Midstream Energy Fund Dividend FAQ

How much is the next Tortoise Midstream Energy Fund dividend?
Tortoise Midstream Energy 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 Midstream Energy Fund dividend. The next Tortoise Midstream Energy Fund dividend will be released in February, May, August, or November.
When is Tortoise Midstream Energy Fund dividend paid?
Tortoise Midstream Energy 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 Midstream Energy Fund pay?
The specific amount of Tortoise Midstream Energy 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 Midstream Energy Fund's dividend history.
Does Tortoise Midstream Energy Fund stock pay dividends?
Yes, Tortoise Midstream Energy 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 Midstream Energy Fund's dividend history.
How much dividend does Tortoise Midstream Energy Fund pay?
Tortoise Midstream Energy Fund paid $2.35 in 2024, $3.08 in 2023, $3.08 in 2022, $1.645 in 2021, and $0.855 in 2020.
How often does Tortoise Midstream Energy Fund pay dividends?
Tortoise Midstream Energy 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 Midstream Energy Fund's dividend yield?
The current dividend yield for Tortoise Midstream Energy Fund is 6.21%. 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 Midstream Energy Fund's exact dividend yield.
When does Tortoise Midstream Energy Fund go ex dividend?
Tortoise Midstream Energy Fund's ex-dividend date for the latest dividend was on 2024-08-23. Tortoise Midstream Energy 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 Midstream Energy Fund dividend paid?
Tortoise Midstream Energy Fund pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Tortoise Midstream Energy 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 Midstream Energy 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 Midstream Energy Fund dividend per share?
Tortoise Midstream Energy Fund paid $2.35 per share in 2024 and $3.08 per share in 2023. The amount of dividend per share that Tortoise Midstream Energy 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 Midstream Energy 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 Midstream Energy 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 Midstream Energy Fund a dividend stock?
Yes, Tortoise Midstream Energy 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 Midstream Energy Fund a good dividend stock?
Whether Tortoise Midstream Energy 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 Midstream Energy Fund has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Tortoise Midstream Energy 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 Midstream Energy Fund pay dividends monthly?
Tortoise Midstream Energy Fund typically pays dividends on a quarterly basis.
Does Tortoise Midstream Energy Fund pay dividends quarterly?
Tortoise Midstream Energy Fund currently pays dividends on a quarterly basis.
Has Tortoise Midstream Energy Fund ever paid a dividend?
Yes, Tortoise Midstream Energy Fund has a history of paying dividends to its shareholders. Tortoise Midstream Energy Fund is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Tortoise Midstream Energy Fund dividend stocks?
To buy Tortoise Midstream Energy 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 Midstream Energy 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 Midstream Energy Fund pay dividends 2024?
Tortoise Midstream Energy 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 Midstream Energy Fund increase its dividend in 2024?
Decisions regarding Tortoise Midstream Energy 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 Midstream Energy Fund dividend overview you can look into the above table of dividend history.
How Tortoise Midstream Energy Fund dividend works?
The Tortoise Midstream Energy 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 Midstream Energy Fund's dividend process works:

1. Determination of Dividend: Tortoise Midstream Energy 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 Midstream Energy 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 Midstream Energy 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 Midstream Energy 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 Midstream Energy Fund dividends paid?
Tortoise Midstream Energy Fund dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Tortoise Midstream Energy 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 Midstream Energy 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 Midstream Energy 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 Midstream Energy Fund pay dividends?
Tortoise Midstream Energy 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 Midstream Energy Fund pay dividends?
The general pattern is that Tortoise Midstream Energy 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 Midstream Energy Fund dividend safe?
The safety of Tortoise Midstream Energy 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 Midstream Energy 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 Midstream Energy 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.