News coverage about Tortoise Pipeline and Energy Fund (NYSE:TTP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tortoise Pipeline and Energy Fund earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 46.7317825024894 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Tortoise Pipeline and Energy Fund (NYSE:TTP) traded down $0.23 during trading hours on Wednesday, hitting $18.40. The stock had a trading volume of 87,900 shares, compared to its average volume of 47,133. Tortoise Pipeline and Energy Fund has a 1-year low of $16.25 and a 1-year high of $22.45.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were given a $0.4075 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.63 annualized dividend and a dividend yield of 8.86%.
Tortoise Pipeline & Energy Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions. The Fund invests primarily in equity securities of North American pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products, and in other energy infrastructure companies.
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