NYSE: NDP
Tortoise Energy Independence Fund, Inc.
Financial Services · Asset Management
Market Cap
$67.30M
52w High
$45.40
52w Low
$28.27
P/E
3.71
Volume
9.31K
Outstanding Shares
1.67M
Not enough data to analyse price vs. fundamentals for this ticker.
Company profile
Managed by Tortoise Capital Advisors L.L.C., the Tortoise Energy Independence Fund, Inc. operates as a closed-end equity mutual fund.
Valuation
Stock splits
Every 8 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 10, 2024
Q3 FY24 · EPS est — · Revenue est —
View
Dividends
$2.15/shareQuarterlyStretchedNDP pays a dividend with a 5.31% dividend yield, covered 0.5× by free cash flow.
Dividend Yield
5.31%
Annual Div / Share
$2.15
5yr CAGR
-16.9%
Dividend has been cut
Payout Ratio
—
Stretched
Dividend Growth Rate
3yr CAGR
-16.9%
5yr CAGR
-16.9%
10yr CAGR
-17.11%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$4/mo
In 5 yrs
$4/mo
In 10 yrs
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$53/yr $4/mo | $53/yr $4/mo | $53/yr $4/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.53× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -16.9% is negative, indicating the payout has been cut over this period.