On 2/12/14, Tortoise Energy Capital Fund's 3.95% Series C Mandatory Redeemable Preferred Shares ( TYY.PRC) will trade ex-dividend, for its monthly dividend of $0.0329, payable on 3/3/14. As a percentage of TYY.PRC's recent share price of $10.19, this dividend works out to approximately 0.32%. On an annualized basis, the current yield is approximately 3.84%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel.As of last close, TYY.PRC was trading at a 2.90% premium to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of TYY.PRC shares, versus TYY: Below is a dividend history chart for TYY.PRC, showing historical dividends prior to the most recent $0.0329 on Tortoise Energy Capital Fund's 3.95% Series C Mandatory Redeemable Preferred Shares : In Monday trading, Tortoise Energy Capital Fund's 3.95% Series C Mandatory Redeemable Preferred Shares ( TYY.PRC) is currently off about 0.9% on the day, while the common shares ( TYY) are down about 1.2%.