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TMLP ETF — Tortoise MLP ETF
Tortoise MLP ETF (TMLP)
Updated October 16, 2026.
Verdict as of October 16, 2026
TMLP's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, low confidence). It pays quarterly and its distribution rate is 8.26%. The latest total cash payment per current share, $0.58 with an ex-date of September 24, 2026, was 17.2% higher than the previous $0.495. These payments are unclassified; this does not establish a base-dividend change.
Sources: Tortoise Capital page for TMLP, Section 19a-1 notices, scoring methodology.
TMLP is an ETF that tracks the Tortoise MLP Index. its distribution rate is 8.26%, its trailing-12-month yield is 5.93%, its expense ratio is 0.50%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 18.3% over the past 0.8 years, 6.5 points ahead of SPY at 11.8%.
TMLP dividend yield and income
Price as of 2026-10-16.
The distribution rate (8.26%) uses calculation basis unavailable. Trailing-12-month yield (5.93%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.58. The ex-dividend date is 09/24/2026. The payment date is 09/25/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-24 | $0.58 | 17.2% Unclassified cash |
| 2026-06-25 | $0.495 | -14.5% Unclassified cash |
| 2026-03-26 | $0.579 | 5163.6% Unclassified cash |
| 2025-12-31 | $0.011 | — |
| 2025 total (partial launch year) | $0.011 | — |
| 2026 YTD total | $1.654 | — |
TMLP holdings and sector exposure
Holdings are not available for this snapshot.
TMLP performance versus SPY
Price and return data through 2026-10-16.
Total return is 18.3% over the past 0.8 years, 6.5 points ahead of SPY at 11.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -4.7% | — |
| 3M | -0.7% | — |
| 6M | 6.2% | — |
| YTD | 18.3% | — |
| Since inception (0.8 years) | 18.3% | — |
TMLP key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Tortoise Capital
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/23/2025
- Expense ratio
- 0.50%
- Distribution rate
- 8.26%
- Distribution frequency
- Quarterly
- Trailing yield
- 5.93%
- Last close
- $28.07 (as of 2026-10-16)
- AUM
- $36,809,280
- Average volume
- 1923.0
- Dividend
- $0.58
- Ex-dividend date
- 09/24/2026
- Payment date
- 09/25/2026
How Dividend Vision calculates yield and returns
Distribution rate (8.26%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.93%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Tortoise Capital or company page; Index: Tortoise MLP Index; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
TMLP risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund.
Who may consider TMLP — and who may not
It is a weaker fit for investors who need monthly cash flow (TMLP pays quarterly). This is educational context, not a recommendation to buy or sell.
More on TMLP
Frequently asked questions
Does TMLP pay monthly?
No. TMLP currently pays quarterly, not monthly.
What index does TMLP track?
TMLP tracks the Tortoise MLP Index.
What is TMLP's expense ratio?
TMLP's expense ratio is 0.50%.
What is TMLP's dividend yield?
TMLP's distribution rate is 8.26%, paid quarterly, with a 0.50% expense ratio — calculation basis unavailable.
When does TMLP pay a dividend?
TMLP pays quarterly. The dividend amount is $0.58. The ex-dividend date is 09/24/2026. The payment date is 09/25/2026.
How has TMLP performed?
Total return is 18.3% over the past 0.8 years, 6.5 points ahead of SPY at 11.8%.
Is TMLP a good investment?
TMLP's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 8.26% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Tortoise Capital.
Tickers
Holdings as-of date unavailable.
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