Ex-Div Reminder for Tortoise Energy Capital Fund (TYY)

Looking at the universe of stocks we cover at Dividend Channel, on 2/19/14, Tortoise Energy Capital Fund ( TYY) will trade ex-dividend, for its quarterly dividend of $0.43, payable on 2/28/14. As a percentage of TYY's recent stock price of $32.22, this dividend works out to approximately 1.33%, so look for shares of Tortoise Energy Capital Fund to trade 1.33% lower — all else being equal — when TYY shares open for trading on 2/19/14.

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Below is a dividend history chart for TYY, showing historical dividends prior to the most recent $0.43 declared by Tortoise Energy Capital Fund:

TYY+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 TYY is likely to continue, and whether the current estimated yield of 5.34% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TYY shares, versus its 200 day moving average:

Tortoise Energy Capital Fund 200 Day Moving Average Chart

Looking at the chart above, TYY's low point in its 52 week range is $29.68 per share, with $36.09 as the 52 week high point — that compares with a last trade of $32.21.

According to Preferred Stock Channel, there is are 2 series of preferred stock that are senior to TYY — find out what they are ».

In Tuesday trading, Tortoise Energy Capital Fund shares are currently up about 0.2% on the day.

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