Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Plans $0.63 Quarterly Dividend

Tortoise Energy Independence Fund, Inc. (NYSE:NDP) announced a quarterly dividend on Monday, November 4th, NASDAQ reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.63 per share on Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date is Friday, November 22nd.

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

Tortoise Energy Independence Fund Trading Up 0.5 %

NYSE:NDP traded up $0.20 during mid-day trading on Tuesday, hitting $39.85. The company had a trading volume of 2,399 shares, compared to its average volume of 5,663. The business has a fifty day simple moving average of $38.59 and a 200-day simple moving average of $36.28. Tortoise Energy Independence Fund has a 1 year low of $27.38 and a 1 year high of $41.07.

About Tortoise Energy Independence Fund

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.