EMLP vs TPYP
First Trust North American Energy Infrastructure Fund compared with Tortoise North American Pipeline Fund on yield, payout growth, payment schedule, cost and risk.
EMLP
First Trust North American Energy Infrastructure Fund
TTM yield · Quarterly
TPYP
Tortoise North American Pipeline Fund
TTM yield · Quarterly
Quick take
- TPYP yields more today: 3.21% vs 2.81% (forward).
- EMLP has grown its payout faster: 7.0%/yr vs 6.0%/yr over the last 5 years.
- Both pay every quarter.
- Over the last year TPYP delivered the higher total return: +25.5% vs +20.1% (price change plus payouts).
- TPYP is cheaper to own: 0.40% vs 0.95% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | EMLP | TPYP |
|---|---|---|
| Share price | $44.40 | $43.64 |
| TTM yield | 2.73% | 3.14% |
| Forward yield | 2.81% | 3.21% |
| Annual payout per share | $1.248 | $1.40 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 24, 2026 (est.) | Sep 24, 2026 (est.) |
| Expense ratio | 0.95% | 0.40% |
| 1-year payout growth | +4.3% | -1.0% |
| 5-year payout CAGR | +7.0% | +6.0% |
| Consecutive years of increases | 4 years | 0 years |
| Payout consistency (last 12) | 93/100 | 95/100 |
| 1-year total return | +20.1% | +25.5% |
| 1-year price return | +16.9% | +21.7% |
| Size (market cap / AUM) | 4.2B | 894.5M |
| Years paying | 14.0 | 10.7 |
| Sector / category | Energy Limited Partnership | Energy Limited Partnership |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| EMLP | TPYP | |
|---|---|---|
| Shares | 225.2 | 229.1 |
| Income per year | $281 | $321 |
| Income per month (avg) | $23 | $27 |
At forward yields, before taxes. Model EMLP · Model TPYP
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| EMLP Sep 24, 2026 | Oct 8, 2026 | $0.312 | Est. |
| EMLP Dec 24, 2026 | Jan 7, 2027 | $0.312 | Est. |
| EMLP Mar 25, 2027 | Apr 8, 2027 | $0.312 | Est. |
| TPYP Sep 24, 2026 | Oct 8, 2026 | $0.35 | Est. |
| TPYP Dec 24, 2026 | Jan 7, 2027 | $0.35 | Est. |
| TPYP Mar 25, 2027 | Apr 8, 2027 | $0.35 | Est. |
Annual payouts per share
EMLPTPYP
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, EMLP or TPYP?
TPYP currently has the higher trailing yield: EMLP yields 2.73% and TPYP yields 3.14%. Yield changes daily with price, so check the live figures above.
How often do EMLP and TPYP pay?
EMLP pays every quarter and TPYP pays every quarter. EMLP's next ex-date is Sep 24, 2026 and TPYP's is Sep 24, 2026.
Which has grown its dividend faster, EMLP or TPYP?
EMLP has grown its payout faster: 7.0%/yr vs 6.0%/yr over the last 5 years.
Is EMLP or TPYP better for income?
It depends on what you are optimising for. EMLP and TPYP differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.