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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | $0.81 | quarterly | 2024-08-30 |
2024-05-23 | $0.77 | quarterly | 2024-05-31 |
2024-02-21 | $0.77 | quarterly | 2024-02-29 |
2023-11-21 | $0.77 | quarterly | 2023-11-30 |
2023-08-23 | $0.77 | quarterly | 2023-08-31 |
2023-05-23 | $0.77 | quarterly | 2023-05-31 |
2023-02-17 | $0.77 | quarterly | 2023-02-28 |
2022-11-22 | $0.77 | quarterly | 2022-11-30 |
2022-08-23 | $0.77 | quarterly | 2022-08-31 |
2022-05-23 | $0.77 | quarterly | 2022-05-31 |
2022-02-17 | $0.77 | quarterly | 2022-02-28 |
2021-11-22 | $0.57 | quarterly | 2021-11-30 |
2021-08-23 | $0.39 | quarterly | 2021-08-31 |
2021-05-20 | $0.36 | quarterly | 2021-05-28 |
2021-02-18 | $0.33 | quarterly | 2021-02-26 |
2020-11-20 | $0.31 | quarterly | 2020-11-30 |
2020-07-23 | $0.31 | quarterly | 2020-07-31 |
2020-02-20 | $0.23 | quarterly | 2020-02-28 |
2019-11-21 | $0.42 | quarterly | 2019-11-29 |
2019-08-22 | $0.42 | quarterly | 2019-08-30 |
2019-05-23 | $0.42 | quarterly | 2019-05-31 |
2019-02-20 | $0.42 | quarterly | 2019-02-28 |
2018-11-21 | $0.42 | quarterly | 2018-11-30 |
2018-07-02 | $0.42 | quarterly | 2018-08-31 |
2018-05-23 | $0.42 | quarterly | 2018-05-31 |
2018-02-20 | $0.42 | quarterly | 2018-02-28 |
2017-11-21 | $0.42 | quarterly | 2017-11-30 |
2017-08-22 | $0.42 | quarterly | 2017-08-31 |
2017-05-22 | $0.42 | quarterly | 2017-05-31 |
2017-02-16 | $0.42 | quarterly | 2017-02-28 |
2016-11-21 | $0.42 | quarterly | 2016-11-30 |
2016-08-22 | $0.42 | quarterly | 2016-08-31 |
2016-05-20 | $0.42 | quarterly | 2016-05-31 |
2016-02-18 | $0.42 | quarterly | 2016-02-29 |
2015-11-19 | $0.42 | quarterly | 2015-11-30 |
2015-08-20 | $0.42 | quarterly | 2015-07-31 |
2015-05-20 | $0.42 | quarterly | 2015-05-29 |
2015-02-18 | $0.42 | quarterly | 2015-02-27 |
2014-11-19 | $0.42 | quarterly | 2014-11-28 |
2014-08-20 | $0.42 | quarterly | 2014-08-29 |
2014-05-20 | $0.42 | quarterly | 2014-05-30 |
2014-02-19 | $0.42 | quarterly | 2014-02-28 |
2013-11-20 | $0.42 | quarterly | 2013-11-29 |
2013-08-21 | $0.42 | quarterly | 2013-09-03 |
2013-05-21 | $0.42 | quarterly | 2013-06-03 |
2013-02-19 | $0.42 | quarterly | 2013-03-01 |
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
Tortoise Midstream Energy Fund Dividend FAQ
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.
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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.
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.
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.