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Several years ago, Master Limited Partnerships (MLPs) dominated the midstream universe, making MLP-only indexes a decent proxy for midstream broadly. Today, MLPs represent less than 40% of the North American midstream universe by market capitalization. An MLP-only index is ideal for benchmarki...
Author’s note: this article was released to members of CEF/ETF Income Laboratory on July 15, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] s...
After several cuts in 1Q20 payouts, midstream dividends today seem much more durable. However, yields remain elevated relative to history given ongoing weakness in equity performance. As mentioned in Tuesday's note , we view dividend cuts as less likely for 2Q20. While still early, seven name...
By Brian Watson, CFA, Senior Portfolio Manager New acquisitions and a temporary shutdown headline this month’s MLP sector June MLP performance seemed to reflect a reversal of sentiment as COVID-19 cases returned in certain regions. That likely influenced the near-term trajec...
Tortoise MLP Fund (NYSE: NTG ) declares $0.31/share quarterly dividend , -86.8% decrease from prior dividend of $2.35 (reverse split adjusted). Forward yield 7.66% Payable July 31; for shareholders of record July 24; ex-div July 23. See NTG Dividend Scorecard, Yield Chart, &...
Tortoise today announced that the Board has authorized the reinstatement of distributions and a share repurchase program for certain closed-end funds. Tortoise Energy Infrastructure Corp. (NYSE: TYG) and Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) declared a quarterly distribution of...
Written by Nick Ackerman, co-produced by Stanford Chemist In the closed-end fund world, there are plenty of fund sponsors offering funds worthy of investing. Investors looking at getting started with CEFs may be interested in knowing where to get started. One of the first steps that can ...
Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Additionally, a recently published Q&A to help investors understand closed-end funds and taxes is available here . Tortoise Energy Infras...
Written by Nick Ackerman, co-produced by Stanford Chemist Dividend cuts for closed-end funds were something that we certainly anticipated throughout this latest sell-off. Not only is that playing a role in CEFs, but will in ETFs and individual stocks just the same. This might be more pre...
By Justin Carlson, Co-Founder and Chief Strategy Officer Smart investors look for a market edge wherever they can find one, because staying one step ahead of the pack has never been tougher. Markets move at the speed of light in our digital age, often based on information at the fingertips...
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2024-07-23 12:48:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-23 10:45:03 ET Guggenheim Strategic Opportunities Fund (GOF) GOF is trading UP for the last 5 days, and it at trading at $15.34 with volume of 217,720 and a one day change of $0.00 (0.01%). Guggenheim Strategic Opportunities Fund has a 52-week low of 10.96 and a 52-week high...
2024-07-03 11:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...