Looking at the universe of stocks we cover at Dividend Channel, on 5/21/13, Tortoise MLP Fund (NTG) will trade ex-dividend, for its quarterly dividend of $0.4175, payable on 6/3/13. As a percentage of NTG's recent stock price of $29.79, this dividend works out to approximately 1.40%, so look for shares of Tortoise MLP Fund to trade 1.40% lower — all else being equal — when NTG shares open for trading on 5/21/13.
Below is a dividend history chart for NTG, showing historical dividends prior to the most recent $0.4175 declared by Tortoise MLP Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NTG is likely to continue, and whether the current estimated yield of 5.61% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NTG shares, versus its 200 day moving average:Looking at the chart above, NTG's low point in its 52 week range is $22.76 per share, with $29.84 as the 52 week high point — that compares with a last trade of $29.79.
In Friday trading, Tortoise MLP Fund shares are currently up about 0.5% on the day.