Tortoise Energy Infrastructure Co. (NYSE:TYG) to Issue Monthly Dividend of $0.37

Tortoise Energy Infrastructure Co. (NYSE:TYG) declared a monthly dividend on Thursday, February 20th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.365 per share by the financial services provider on Monday, March 31st. This represents a $4.38 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend is Monday, March 24th.

Tortoise Energy Infrastructure Stock Down 0.9 %

Shares of Tortoise Energy Infrastructure stock opened at $43.81 on Friday. The company has a 50-day simple moving average of $44.42 and a two-hundred day simple moving average of $42.42. Tortoise Energy Infrastructure has a 52-week low of $29.54 and a 52-week high of $48.76.

Insider Activity

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $41.61, for a total transaction of $235,803.87. Following the completion of the sale, the insider now directly owns 1,061,234 shares of the company’s stock, valued at approximately $44,157,946.74. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by corporate insiders.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.