Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) to Issue $0.18 — Dividend

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) announced a — dividend on Monday, November 25th,Wall Street Journal reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.175 per share by the investment management company on Friday, December 13th. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, December 6th.

Tortoise Pipeline & Energy Fund Stock Performance

NYSE TTP traded up $0.73 during trading on Wednesday, hitting $51.42. 7,401 shares of the company’s stock traded hands, compared to its average volume of 8,187. The stock has a fifty day moving average of $45.65 and a two-hundred day moving average of $39.98. Tortoise Pipeline & Energy Fund has a 12-month low of $26.43 and a 12-month high of $52.45.

About Tortoise Pipeline & Energy Fund

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.