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

Tortoise Energy Independence Fund, Inc. (NYSE:NDP) declared a quarterly dividend on Friday, August 9th, NASDAQ reports. Investors of record on Friday, August 23rd will be paid a dividend of 0.63 per share on Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date is Friday, August 23rd.

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 Stock Up 1.4 %

NDP stock traded up $0.52 during midday trading on Friday, reaching $37.72. 4,579 shares of the company were exchanged, compared to its average volume of 5,350. Tortoise Energy Independence Fund has a 1-year low of $27.38 and a 1-year high of $37.78. The stock’s 50-day simple moving average is $34.91 and its 200 day simple moving average is $33.11.

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.