Tortoise Power & Energy Infra Fd (Tortoise Power & Energy Infra Fd) Dividend Payout Ratio : 0.33 (As of Nov. 2023)

View and export this data going back to . Start your Free Trial

What is Tortoise Power & Energy Infra Fd Dividend Payout Ratio?

Tortoise Power & Energy Infra Fd's dividend payout ratio for the months ended in Nov. 2023 was 0.33.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tortoise Power & Energy Infra Fd Inc is 0.76, which seems too high.

The historical rank and industry rank for Tortoise Power & Energy Infra Fd's Dividend Payout Ratio or its related term are showing as below:

TPZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.61 Max: 0.76
Current: 0.76

During the past 7 years, the highest Dividend Payout Ratio of Tortoise Power & Energy Infra Fd was 0.76. The lowest was 0.26. And the median was 0.61.

TPZ's Dividend Payout Ratio is ranked better than
52.9% of 949 companies
in the Asset Management industry
Industry Median: 0.8 vs TPZ: 0.76

As of today (2024-05-26), the Dividend Yield % of Tortoise Power & Energy Infra Fd is 8.16%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Tortoise Power & Energy Infra Fd was 24.15%. The lowest was 4.41%. And the median was 8.53%.

Tortoise Power & Energy Infra Fd's Dividends per Share for the months ended in Nov. 2023 was $0.63.

During the past 12 months, Tortoise Power & Energy Infra Fd's average Dividends Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -5.90% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Tortoise Power & Energy Infra Fd was 6.30% per year. The lowest was -24.70% per year. And the median was -7.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Tortoise Power & Energy Infra Fd Dividend Payout Ratio Historical Data

The historical data trend for Tortoise Power & Energy Infra Fd's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tortoise Power & Energy Infra Fd Dividend Payout Ratio Chart

Tortoise Power & Energy Infra Fd Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

Get a 7-Day Free Trial

0.26

0.61

0.76

Tortoise Power & Energy Infra Fd Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Dividend Payout Ratio	Get a 7-Day Free Trial								-	0.30	7.59	-	0.33

Competitive Comparison of Tortoise Power & Energy Infra Fd's Dividend Payout Ratio

For the Asset Management subindustry, Tortoise Power & Energy Infra Fd's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tortoise Power & Energy Infra Fd's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Power & Energy Infra Fd's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tortoise Power & Energy Infra Fd's Dividend Payout Ratio falls into.

Tortoise Power & Energy Infra Fd Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tortoise Power & Energy Infra Fd's Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2023 )	/	EPS without NRI (A: Nov. 2023 )
	=	1.26	/	1.66
	=	0.76

Tortoise Power & Energy Infra Fd's Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2023 )	/	EPS without NRI (Q: Nov. 2023 )
	=	0.63	/	1.91
	=	0.33

Tortoise Power & Energy Infra Fd (NYSE:TPZ) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tortoise Power & Energy Infra Fd Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tortoise Power & Energy Infra Fd's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tortoise Power & Energy Infra Fd (Tortoise Power & Energy Infra Fd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Power & Energy Infra Fd Inc (NYSE:TPZ) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Power & Energy Infra Fd Inc is a closed-ended fund. Its primary investment objective is to provide a high level of current income. Its secondary objective is capital appreciation. The company invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies.

Executives

Ciccotello Conrad S	director, 10 percent owner	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	other: Affiliate of Inv Advisor	5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens	officer: President	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Adam T Peltzer	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Charles E Heath	director	180801 MASTIN BLVD, OVERLAND PARK KS 66210
Lovell Minnick Partners Llc	10 percent owner, other: Control Person of Adviser	555 EAST LANCASTER AVENUE, SUITE 510, RADNOR PA 19087
James Ryan Mick	other: Member of Investment Committee	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211