Key Details
Price
$41.51Last Dividend
$0.63Annual Revenue
-$393.69 KAnnual ROE
-1.01%Beta
0.51Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
N/ARecent annual earnings:
N/ANext ex-dividend date:
N/ARecent ex-dividend date:
Nov 22, 2024Next split:
N/ARecent split:
May 01, 2020Analyst ratings
Recent major analysts updates
Screeners with NDP included
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Similar stocks
Actively Managed ETF Aims to Offer Investors Greater Liquidity at Net Asset Value OVERLAND PARK, KS / ACCESSWIRE / August 6, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on traditional energy and power infrastructure investing, today announced its plans to merge three of its closed-end funds into a newly formed actively managed exchange-traded fund (ETF), Tortoise Power and Energy Infrastructure ETF.
NDP has delivered attractive total return results since our prior update, driven by the energy sector's performance and a narrowing discount. The fund's leverage, high expense ratio, and small AUM pose risks that investors need to consider - but potential activist pressure could lead to changes coming soon. NDP's distribution is trading below the NAV target payout range of 7-10%, and that could indicate that it is due for an increase in its quarterly payout.
9 out of 22 CEF sectors positive on price and 12 out of 22 sectors positive on NAV. Tortoise tender offers are announced. Tender offers are part of the funds' discount management program.
Tortoise Energy Independence Fund offers exposure to the producer and midstream energy space. The fund has had a rough past due to being leveraged, and it had even suspended its distribution for a period after Covid. This fund is only likely to appeal to more aggressive energy bulls as it is more exposed to energy prices than its midstream-focused peers.
FAQ
- What is the primary business of Tortoise Energy Independence Fund?
- What is the ticker symbol for Tortoise Energy Independence Fund?
- Does Tortoise Energy Independence Fund pay dividends?
- What sector is Tortoise Energy Independence Fund in?
- What industry is Tortoise Energy Independence Fund in?
- What country is Tortoise Energy Independence Fund based in?
- When did Tortoise Energy Independence Fund go public?
- Is Tortoise Energy Independence Fund in the S&P 500?
- Is Tortoise Energy Independence Fund in the NASDAQ 100?
- Is Tortoise Energy Independence Fund in the Dow Jones?
- When does Tortoise Energy Independence Fund report earnings?