TORTOISE PIPELI/COM (NYSE:TTP) insider Sunil Bhonsle acquired 300,000 shares of the firm’s stock in a transaction dated Friday, September 21st. The shares were purchased at an average price of $0.25 per share, with a total value of $75,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
NYSE TTP opened at $17.20 on Wednesday. TORTOISE PIPELI/COM has a 52 week low of $15.55 and a 52 week high of $20.21.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 24th were issued a dividend of $0.407 per share. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $1.63 annualized dividend and a dividend yield of 9.47%.
About TORTOISE PIPELI/COM
Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.
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