Tortoise Energy Infrastructure Co. (TYG) to Issue — Dividend of $0.37 on May 30th

Tortoise Energy Infrastructure Co. (NYSE:TYG) declared a — dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.365 per share by the financial services provider on Friday, May 30th. This represents a yield of 8.4%. The ex-dividend date is Friday, May 23rd.

Tortoise Energy Infrastructure Price Performance

Shares of TYG opened at $41.50 on Wednesday. Tortoise Energy Infrastructure has a 52-week low of $32.50 and a 52-week high of $48.76. The business’s 50 day moving average price is $40.43 and its two-hundred day moving average price is $42.70.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

A hedge fund recently bought a new stake in Tortoise Energy Infrastructure stock. Integrated Wealth Concepts LLC purchased a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,622 shares of the financial services provider’s stock, valued at approximately $242,000. Integrated Wealth Concepts LLC owned 0.05% of Tortoise Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 32.50% of the company’s stock.

About Tortoise Energy Infrastructure

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.