Energy Independence Fund, Inc. (NYSE: NDP)
|Fiscal Year 2017 Total:||$0.4375|
|Fiscal Year 2016 Total:||$1.7500|
|Fiscal Year 2015 Total:||$1.7500|
|Fiscal Year 2014 Total:||$1.7500|
|Fiscal Year 2013 Total:||$1.7500|
|Fiscal Year 2012 Total:||$0.4375|
1Price of shares issued pursuant to company-sponsored dividend reimbursement plan. Amounts are rounded to the nearest whole cent.
Determining distributions to stockholders
We pay quarterly distributions based primarily upon our current and estimated future distributable cash flow (DCF). In addition, and to the extent that the sum of our net investment company taxable income and net realized gains from investments exceed our quarterly distributions, we intend to make an additional distribution to common stockholders in the last quarter of the calendar year to avoid being subject to U.S. federal income taxes. Our Board of Directors reviews the distribution rate quarterly, and may adjust the quarterly distribution throughout the year.
DCF is income from investments less expenses. Income from investments includes the amount we receive as cash or paid-in-kind distributions from common stock, MLPs, affiliates of MLPs in which we invest and dividend payments on short-term investments. Income also includes the premiums received from sales of covered call options, net of amounts paid to buy back out-of-the-money options. The total expenses include current or anticipated operating expenses and leverage costs.
As of 4/28/2017
- Market Price
- Distribution Rate1
- Annualized based on latest distribution received divided by the prior day's stock price. A portion of this distribution may be treated as return of capital for income tax purposes, although the ultimate characterization will not be made until after year-end.
- Tortoise Capital Advisors, L.L.C. Announces Release of the 2017 First Quarter Report for Closed-End Funds (TYG, NTG, TTP, NDP and TPZ)
- Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of March 31, 2017
- Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Feb. 28, 2017
- Tortoise Capital Advisors Announces Distribution Amounts and Dates for Closed-End Funds (TYG, NTG, TTP, NDP, TPZ)
- Tortoise Capital Advisors Announces 2016 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report
- Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2016
- Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2016
- View more NDP Press Releases