TORTOISE PIPELI/COM (NYSE:TTP) announced a quarterly dividend on Monday, November 5th, NASDAQ reports. Stockholders of record on Friday, November 23rd will be given a dividend of 0.407 per share by the investment management company on Friday, November 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 10.89%. The ex-dividend date of this dividend is Wednesday, November 21st.

NYSE TTP opened at $14.95 on Friday. TORTOISE PIPELI/COM has a one year low of $14.57 and a one year high of $20.21.

In other news, insider Sunil Bhonsle purchased 300,000 shares of the business’s stock in a transaction on Friday, September 21st. The stock was acquired at an average price of $0.25 per share, for a total transaction of $75,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.

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