EMLP vs TMLP
First Trust North American Energy Infrastructure Fund compared with Tortoise MLP ETF on yield, payout growth, payment schedule, cost and risk.
EMLP
First Trust North American Energy Infrastructure Fund
TTM yield · Quarterly
TMLP
Tortoise MLP ETF
TTM yield · Quarterly
Quick take
- TMLP yields more today: 8.29% vs 2.95% (forward).
- Both pay every quarter.
- TMLP is cheaper to own: 0.50% vs 0.95% expense ratio.
- EMLP has the steadier distribution: consistency 92/100 vs 43/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | EMLP | TMLP |
|---|---|---|
| Share price | $43.83 | $28.00 |
| TTM yield | 2.79% | 5.95% |
| Forward yield | 2.95% | 8.29% |
| Annual payout per share | $1.292 | $2.32 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 24, 2026 (est.) | Dec 24, 2026 (est.) |
| Expense ratio | 0.95% | 0.50% |
| 1-year payout growth | +4.0% | — |
| 5-year payout CAGR | +7.4% | — |
| Consecutive years of increases | 4 years | 0 years |
| Payout consistency (last 12) | 92/100 | 43/100 |
| 1-year total return | +17.7% | — |
| 1-year price return | +14.5% | — |
| Size (market cap / AUM) | 3.9B | 36.4M |
| Years paying | 14.1 | 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
| EMLP | TMLP | |
|---|---|---|
| Shares | 228.2 | 357.1 |
| Income per year | $295 | $829 |
| Income per month (avg) | $25 | $69 |
At forward yields, before taxes. Model EMLP · Model TMLP
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| EMLP Dec 24, 2026 | Jan 7, 2027 | $0.323 | Est. |
| EMLP Mar 25, 2027 | Apr 8, 2027 | $0.323 | Est. |
| EMLP Jun 24, 2027 | Jul 8, 2027 | $0.323 | 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
EMLPTMLP
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 TMLP?
TMLP currently has the higher trailing yield: EMLP yields 2.79% and TMLP yields 5.95%. Yield changes daily with price, so check the live figures above.
How often do EMLP and TMLP pay?
EMLP pays every quarter and TMLP pays every quarter. EMLP's next ex-date is Dec 24, 2026 and TMLP's is Dec 24, 2026.
Is EMLP or TMLP better for income?
It depends on what you are optimising for. EMLP 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.