AMLP vs TMLP
Alerian MLP ETF compared with Tortoise MLP ETF on yield, payout growth, payment schedule, cost and risk.
Quick take
- TMLP yields more today: 8.29% vs 7.75% (forward).
- Both pay every quarter.
- TMLP is cheaper to own: 0.50% vs 1.01% expense ratio.
- AMLP has the steadier distribution: consistency 95/100 vs 43/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | AMLP | TMLP |
|---|---|---|
| Share price | $53.14 | $28.00 |
| TTM yield | 7.66% | 5.95% |
| Forward yield | 7.75% | 8.29% |
| Annual payout per share | $4.12 | $2.32 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Nov 11, 2026 (est.) | Dec 24, 2026 (est.) |
| Expense ratio | 1.01% | 0.50% |
| 1-year payout growth | +4.9% | — |
| 5-year payout CAGR | +8.2% | — |
| Consecutive years of increases | 3 years | 0 years |
| Payout consistency (last 12) | 95/100 | 43/100 |
| 1-year total return | +21.9% | — |
| 1-year price return | +13.2% | — |
| Size (market cap / AUM) | 12.6B | 36.4M |
| Years paying | 16.0 | 0.8 |
| 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
| AMLP | TMLP | |
|---|---|---|
| Shares | 188.2 | 357.1 |
| Income per year | $775 | $829 |
| Income per month (avg) | $65 | $69 |
At forward yields, before taxes. Model AMLP · Model TMLP
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| AMLP Nov 11, 2026 | Nov 25, 2026 | $1.03 | Est. |
| AMLP Feb 10, 2027 | Feb 24, 2027 | $1.03 | Est. |
| AMLP May 12, 2027 | May 26, 2027 | $1.03 | Est. |
| TMLP Dec 24, 2026 | Jan 7, 2027 | $0.58 | Est. |
| TMLP Mar 25, 2027 | Apr 8, 2027 | $0.58 | Est. |
| TMLP Jun 24, 2027 | Jul 8, 2027 | $0.58 | Est. |
Annual payouts per share
AMLPTMLP
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, AMLP or TMLP?
AMLP currently has the higher trailing yield: AMLP yields 7.66% and TMLP yields 5.95%. Yield changes daily with price, so check the live figures above.
How often do AMLP and TMLP pay?
AMLP pays every quarter and TMLP pays every quarter. AMLP's next ex-date is Nov 11, 2026 and TMLP's is Dec 24, 2026.
Is AMLP or TMLP better for income?
It depends on what you are optimising for. AMLP and TMLP 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.