Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) to Issue $0.15 Dividend

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTPGet Rating) declared a dividend on Thursday, September 22nd, investing.com reports. Stockholders of record on Thursday, September 29th will be paid a dividend of 0.145 per share by the investment management company on Thursday, October 6th. This represents a dividend yield of 2.11%. The ex-dividend date is Wednesday, September 28th.

Tortoise Pipeline & Energy Fund has decreased its dividend payment by an average of 45.4% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

Tortoise Pipeline & Energy Fund Stock Performance

NYSE TTP opened at $26.94 on Friday. Tortoise Pipeline & Energy Fund has a one year low of $21.16 and a one year high of $31.67. The company’s 50 day moving average price is $29.03 and its 200 day moving average price is $28.36.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TTP. Cambridge Investment Research Advisors Inc. purchased a new position in Tortoise Pipeline & Energy Fund in the first quarter valued at approximately $341,000. Cannell Capital LLC raised its holdings in Tortoise Pipeline & Energy Fund by 19.9% in the first quarter. Cannell Capital LLC now owns 44,900 shares of the investment management company’s stock valued at $1,316,000 after buying an additional 7,461 shares during the period. D.A. Davidson & CO. purchased a new position in Tortoise Pipeline & Energy Fund in the first quarter valued at approximately $203,000. Royal Bank of Canada raised its stake in shares of Tortoise Pipeline & Energy Fund by 15.7% during the first quarter. Royal Bank of Canada now owns 12,867 shares of the investment management company’s stock valued at $377,000 after purchasing an additional 1,750 shares during the period. Finally, UBS Group AG raised its stake in shares of Tortoise Pipeline & Energy Fund by 89.3% during the second quarter. UBS Group AG now owns 2,483 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 1,171 shares during the period.

Tortoise Pipeline & Energy Fund Company Profile

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Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.

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Dividend History for Tortoise Pipeline & Energy Fund (NYSE:TTP)

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