Reminder - Tortoise Power And Energy Infrastructure Fund (TPZ) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/22/13, Tortoise Power and Energy Infrastructure Fund (TPZ) will trade ex-dividend, for its monthly dividend of $0.125, payable on 10/31/13. As a percentage of TPZ's recent stock price of $24.57, this dividend works out to approximately 0.51%, so look for shares of Tortoise Power and Energy Infrastructure Fund to trade 0.51% lower — all else being equal — when TPZ shares open for trading on 10/22/13.

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Below is a dividend history chart for TPZ, showing historical dividends prior to the most recent $0.125 declared by Tortoise Power and Energy Infrastructure Fund:

TPZ+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TPZ is likely to continue, and whether the current estimated yield of 6.11% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of TPZ shares, versus its 200 day moving average:

Tortoise Power and Energy Infrastructure Fund 200 Day Moving Average Chart

Looking at the chart above, TPZ's low point in its 52 week range is $23.21 per share, with $29.44 as the 52 week high point — that compares with a last trade of $24.57.

In Friday trading, Tortoise Power and Energy Infrastructure Fund shares are currently up about 0.8% on the day.

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