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Realtime updates for Tortoise Essential Assets [TEAF]

Exchange: NYSE Sector: Financial Services Industry: Asset Management
Last Updated25 Apr 2024 @ 15:26

-0.13% $ 11.39

Live Chart Being Loaded With Signals

Commentary (25 Apr 2024 @ 15:26):

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...

Stats
Today's Volume 28 182.00
Average Volume 35 066.00
Market Cap 153.73M
Next earnings date ( $0 ) 2024-07-10
Last Dividend $0.0900 ( 2024-02-21 )
Next Dividend $0 ( N/A )
P/E -18.99
ATR14 $0.00800 (0.07%)
Insider Trading
Date Person Action Amount type
2022-09-26 Ciccotello Conrad S Buy 600 Common Shares
2022-08-09 Moore Katherine Sell 0 Common Shares
2022-06-17 Paquette Jennifer Buy 25 Common Shares
2022-03-21 Paquette Jennifer Buy 25 Common Shares
2022-02-02 Birzer H Kevin Buy 100 Common Shares
INSIDER POWER
100.00
Last 95 transactions
Buy: 45 886 | Sell: 0

Tortoise Essential Assets Correlation

10 Most Positive Correlations
BAP0.867
CPNG0.859
HLGN0.856
ASH0.856
PALC0.847
TSN0.846
IBM0.843
CWT0.842
SI-PA0.838
AG0.834
10 Most Negative Correlations
FPAC-UN-0.854
IOT-0.845
BH-A-0.834
VCRA-0.825
DBGR-0.822
ESM-UN-0.813
FLAG-0.811
IFIN-0.809
ACDI-0.804
IVH-0.802

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Tortoise Essential Assets Financials

Annual 2023
Revenue: $-5.00M
Gross Profit: $-8.52M (170.39 %)
EPS: $-0.440
Q4 2023
Revenue: $5.14M
Gross Profit: $3.44M (66.93 %)
EPS: $-0.190
Q2 2023
Revenue: $1.48M
Gross Profit: $-344 379 (-23.33 %)
EPS: $-0.260
Q4 2022
Revenue: $5.98M
Gross Profit: $4.08M (68.23 %)
EPS: $-0.340

Financial Reports:

No articles found.

Tortoise Essential Assets Dividends

(Q3/22) (Q4/22) (Q1/23) (Q2/23) (Q3/23) (Q4/23) (Q1/24) (Q2/24) (Q3/24) (Q4/24)
$0.270
(N/A)
$0.270
(N/A)
$0.270
(N/A)
$0.270
(N/A)
$0.270
(N/A)
$0.270
(N/A)
$0.180
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)

Tortoise Essential Assets Dividend Information - Dividend King

Dividend Sustainability Score: 0.750 - low (50.00%) | Divividend Growth Potential Score: 2.10 - Decrease likely (58.06%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information
First Dividend $0.109 2019-05-23
Last Dividend $0.0900 2024-02-21
Next Dividend $0 N/A
Payout Date 2024-02-29
Next Payout Date N/A
# dividends 58 --
Total Paid Out $5.16 --
Avg. Dividend % Per Year 5.53% --
Score 5.22 --
Div. Sustainability Score 0.750
Div.Growth Potential Score 2.10
Div. Directional Score 1.423 --
Next Divdend (Est)
(2024-07-01)
$0.0921 Estimate 61.76 %
Dividend Stability
0.99 Excellent
Dividend Score
5.22
Pay Frequency
Monthly
Yearly Payout
Year Amount Yield
2019 $0.870 4.35%
2020 $1.069 6.48%
2021 $0.905 6.92%
2022 $1.060 7.16%
2023 $1.080 8.37%
2024 $0.180 1.54%

Dividend Commentary

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.

Top 10 dividend Companies for NYSE

Symbol Title Last dividend Frequency Years Dividend Yearly Dividend Score
LOMA Dividend Knight 2023-06-30 Quarterly 2 5.23% 8.53
VGI Dividend Royal 2024-02-09 Monthly 13 7.36% 8.50
PHK Dividend Royal 2023-11-10 Monthly 22 6.88% 8.50
KIO Dividend Royal 2023-12-14 Monthly 12 7.05% 8.50
PCF Dividend King 2023-12-18 Monthly 38 7.05% 8.50
PVL Dividend King 2023-11-15 Monthly 14 9.37% 8.50
NCV Dividend Royal 2024-02-09 Monthly 22 7.68% 8.50
SBR Dividend Royal 2023-11-14 Monthly 38 7.74% 8.50
MTR Dividend Diamond 2023-10-30 Monthly 39 10.10% 8.50
PDI Dividend Royal 2023-11-10 Monthly 13 7.86% 8.50

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM-0.9031.500-10.00-10.00[0 - 0.5]
returnOnAssetsTTM-0.02651.200-0.884-1.061[0 - 0.3]
returnOnEquityTTM-0.02911.500-1.434-2.15[0.1 - 1]
payoutRatioTTM-2.44-1.000-10.0010.00[0 - 1]
currentRatioTTM00.800-5.00-4.00[1 - 3]
quickRatioTTM00.800-4.71-3.76[0.8 - 2.5]
cashRatioTTM01.500-1.111-1.667[0.2 - 2]
debtRatioTTM0.107-1.5008.22-10.00[0 - 0.6]
interestCoverageTTM-2.401.000-2.00-2.00[3 - 30]
operatingCashFlowPerShareTTM0.6392.009.7910.00[0 - 30]
freeCashFlowPerShareTTM0.6392.009.6810.00[0 - 20]
debtEquityRatioTTM0.120-1.5009.52-10.00[0 - 2.5]
grossProfitMarginTTM0.4681.0005.545.54[0.2 - 0.8]
operatingProfitMarginTTM-0.6421.000-10.00-10.00[0.1 - 0.6]
cashFlowToDebtRatioTTM0.3591.0009.129.12[0.2 - 2]
assetTurnoverTTM0.02940.800-3.14-2.51[0.5 - 2]
Total Score0.750

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM-25.781.000-2.710[1 - 100]
returnOnEquityTTM-0.02912.50-0.922-2.15[0.1 - 1.5]
freeCashFlowPerShareTTM0.6392.009.7910.00[0 - 30]
dividendYielPercentageTTM9.471.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM0.6392.009.7910.00[0 - 30]
payoutRatioTTM-2.441.500-10.0010.00[0 - 1]
pegRatioTTM0.09811.500-2.680[0.5 - 2]
operatingCashFlowSalesRatioTTM1.3031.00010.000[0.1 - 0.5]
Total Score2.10

Tortoise Essential Assets

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 telecommunications sectors. The fund primarily seeks to invest in stocks of companies across all market capitalizations, as well as in corporate and government issues debt securities. Its corporate debt investment include high yield securities of any maturity. The fund also invests in private equities. It employs both fundamental and quantitative analysis with a focus on such proprietary financial, risk and valuation models to create its portfolio. The fund was formerly known as Tortoise Essential Assets Income 2024 Term Fund, Inc. Tortoise Essential Assets Income Term Fund was formed in 2017 and is domiciled in the United States.

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