Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Declares $0.26 — Dividend

Tortoise Energy Independence Fund, Inc. (NYSE:NDP) declared a — dividend on Monday, November 25th,Wall Street Journal reports. Investors of record on Friday, December 6th will be paid a dividend of 0.255 per share on Friday, December 13th. This represents a yield of 5.8%. The ex-dividend date is Friday, December 6th.

Tortoise Energy Independence Fund has raised its dividend payment by an average of 46.6% per year over the last three years.

Tortoise Energy Independence Fund Trading Up 0.9 %

NYSE:NDP traded up $0.39 during trading hours on Wednesday, reaching $43.99. 18,253 shares of the stock were exchanged, compared to its average volume of 5,682. Tortoise Energy Independence Fund has a 52 week low of $27.38 and a 52 week high of $45.40. The firm has a 50 day simple moving average of $40.41 and a 200-day simple moving average of $37.32.

Tortoise Energy Independence Fund Company Profile

Tortoise Energy Independence Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund 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.