Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tortoise Pipeline and Energy Fund (TTP) Share Price
Press coverage about Tortoise Pipeline and Energy Fund (NYSE:TTP) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news 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 coverage optimism score of 0.23 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 45.7863228410796 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Tortoise Pipeline and Energy Fund (TTP) traded down 0.83% during mid-day trading on Monday, reaching $17.85. 26,565 shares of the company’s stock traded hands. Tortoise Pipeline and Energy Fund has a 12 month low of $17.53 and a 12 month high of $22.51. The firm has a 50 day moving average price of $19.11 and a 200-day moving average price of $20.26.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 24th will be paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date is Tuesday, August 22nd.
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About Tortoise Pipeline and Energy Fund
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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