Tortoise Energy Independence Fund Inc (NDP) Stock Split History

Tortoise Energy Independence Fund Inc has split its stock once since its initial public offering (IPO). The stock split of Tortoise Energy Independence Fund Inc occurred on May 01, 2020 on a 1-for-8 basis, meaning that for 8 shares of NDP owned pre-split, shareholders then owned 1 share.

This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Tortoise Energy Independence Fund Inc's total market capitalization.

The answer will depend on the decisions of the company's managers and market volatility. Tortoise Energy Independence Fund Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when NDP stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Tortoise Energy Independence Fund Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.