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Tortoise Essential Assets Income Term Fund Stock Dividends Overview

TEAF pays dividends . Last paid amount was $0.0900 at Apr 30, 2024. As of today, dividend yield (TTM) is 9.06%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 9.06%
Frequency
1Y Growth 0%
Payout Ratio 0
Amount Per Share $0.0900
Next Ex-Dividend Date May 23, 2024
Next Payment Date May 31, 2024

Upcoming Dividend Payment

To receive the upcoming dividend from TEAF the purchase should be done within the next 20 days.
Here's a simple guide on how to buy TEAF stock.

TEAF Dividend Payout History

To ensure a understanding of TEAF's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 23, 2024 May 23, 2024 May 31, 2024 $0.0900 0.786%
2 Feb 09, 2024 Apr 22, 2024 Apr 30, 2024 $0.0900 0.789%
3 Feb 07, 2024 Mar 21, 2024 Mar 29, 2024 $0.0900 0.762%
4 Nov 14, 2023 Feb 21, 2024 Feb 29, 2024 $0.0900 0.795%
5 Nov 13, 2023 Jan 23, 2024 Jan 31, 2024 $0.0900 0.792%
6 Nov 09, 2023 Dec 21, 2023 Dec 29, 2023 $0.0900 0.769%
7 Aug 10, 2023 Nov 21, 2023 Nov 30, 2023 $0.0900 0.749%
8 Aug 10, 2023 Oct 23, 2023 Oct 31, 2023 $0.0900 0.794%
9 Aug 10, 2023 Sep 21, 2023 Sep 29, 2023 $0.0900 0.751%
10 May 09, 2023 Aug 23, 2023 Aug 31, 2023 $0.0900 0.713%

Dividend Sustainability

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Sustainability score

Low (50.00%)

Growth potential

No dividend expected

TEAF Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from TEAF dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in TEAF stock here.

Comparing TEAF to Sector and Country

TEAF pays a solid dividend yield of 9.06%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.87%). TEAF’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (11.11%), which means that there are more attractive dividend stocks to consider.

FAQ

What factors can affect the amount of TEAF's dividend payments?
The amount of TEAF's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in TEAF sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from TEAF stock be automatically reinvested?
If TEAF offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy TEAF stock.

How often does TEAF pay dividend?
Tortoise Essential Assets Income Term Fund (TEAF) pays dividends . The most recent payout was on Apr 30, 2024. The upcoming dividend Ex Date is May 23, 2024, with an amount of $0.0900.

How much does TEAF pays per share?
The last recorder (Apr 22, 2024) dividend per share was $0.0900.

What is TEAF dividend growth rate?
Over the last year, Tortoise Essential Assets Income Term Fund has witnessed growth rate of 0% . Looking back over the past 3 years, this growth rate has been 6.27%. Furthermore, examining the past 5 years, Tortoise Essential Assets Income Term Fund has maintained an average Dividends Per Share Growth Rate of -3.76%.
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About Tortoise Essential Assets Income Term Fund

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommun... TEAF Profile

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