The historical rank and industry rank for Tortoise Energy Independence Fund,'s 5-Year Yield-on-Cost % or its related term are showing as below:
NDP'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.27 Med: 1.29 Max: 16.09
Current: 1.16
During the past 7 years, Tortoise Energy Independence Fund,'s highest Yield on Cost was 16.09. The lowest was 0.27. And the median was 1.29.
NDP's 5-Year Yield-on-Cost % is ranked worse than 91.69% of 1215
companies
in the Asset Management industry
Industry Median: 5.92
vs NDP: 1.16
Competitive Comparison of Tortoise Energy Independence Fund,'s 5-Year Yield-on-Cost %
For the Asset Management subindustry, Tortoise Energy Independence Fund,'s 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 Energy Independence Fund,'s 5-Year Yield-on-Cost % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Tortoise Energy Independence Fund,'s 5-Year Yield-on-Cost % falls into.
Tortoise Energy Independence Fund, 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Tortoise Energy Independence Fund, (NYSE:NDP) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Tortoise Energy Independence Fund, 5-Year Yield-on-Cost % Related Terms
Thank you for viewing the detailed overview of Tortoise Energy Independence Fund,'s 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description
Tortoise Energy Independence Fund, Inc. is a non-diversified closed-end management investment company. Its primary investment objective to seek a high level of total return with an emphasis on current distributions. The fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a presence in North American oil and gas fields, including shale reservoirs.
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