NDP Ex-Dividend Reminder - 2/19/14

Looking at the universe of stocks we cover at Dividend Channel, on 2/19/14, Tortoise Energy Independence Fund ( NDP) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 2/28/14. As a percentage of NDP's recent stock price of $24.99, this dividend works out to approximately 1.75%, so look for shares of Tortoise Energy Independence Fund to trade 1.75% lower — all else being equal — when NDP shares open for trading on 2/19/14.

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Below is a dividend history chart for NDP, showing historical dividends prior to the most recent $0.4375 declared by Tortoise Energy Independence Fund:

NDP+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 NDP is likely to continue, and whether the current estimated yield of 7.00% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NDP shares, versus its 200 day moving average:

Tortoise Energy Independence Fund 200 Day Moving Average Chart

Looking at the chart above, NDP's low point in its 52 week range is $22.35 per share, with $25.94 as the 52 week high point — that compares with a last trade of $24.99.

In Tuesday trading, Tortoise Energy Independence Fund shares are currently up about 0.6% on the day.

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