Tortoise Energy Independence Fund Inc (NYSE:NDP) to Issue Quarterly Dividend of $0.10

Tortoise Energy Independence Fund Inc (NYSE:NDP) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.10 per share on Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 10.78%. The ex-dividend date is Thursday, November 21st.

Shares of NDP stock traded down $0.09 on Tuesday, hitting $3.71. 5,240 shares of the stock traded hands, compared to its average volume of 122,730. The firm’s 50-day moving average price is $3.91 and its two-hundred day moving average price is $5.69. Tortoise Energy Independence Fund has a twelve month low of $3.64 and a twelve month high of $10.50.

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.

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Dividend History for Tortoise Energy Independence Fund (NYSE:NDP)

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