Media headlines about Tortoise Pipeline and Energy Fund (NYSE:TTP) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tortoise Pipeline and Energy Fund earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.6555351272352 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Tortoise Pipeline and Energy Fund (TTP) traded down $0.17 during mid-day trading on Wednesday, hitting $17.20. The stock had a trading volume of 15,762 shares, compared to its average volume of 47,813. Tortoise Pipeline and Energy Fund has a 12-month low of $16.25 and a 12-month high of $21.87.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.63 annualized dividend and a dividend yield of 9.48%.
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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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