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

Looking at the universe of stocks we cover at Dividend Channel, on 2/19/14, Tortoise Power and Energy Infrastructure Fund ( TPZ) will trade ex-dividend, for its monthly dividend of $0.125, payable on 2/28/14. As a percentage of TPZ's recent stock price of $25.76, this dividend works out to approximately 0.49%.

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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 5.82% 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 $23.95 per share, with $29.44 as the 52 week high point — that compares with a last trade of $25.77.

In Tuesday trading, Tortoise Power and Energy Infrastructure Fund shares are currently up about 0.5% on the day.

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