Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) announced a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be paid a dividend of 0.365 per share by the financial services provider on Monday, June 30th. This represents a dividend yield of 10.35%. The ex-dividend date is Monday, June 23rd.
Tortoise Energy Infrastructure Price Performance
TYG stock opened at $42.33 on Thursday. The firm has a fifty day moving average price of $40.32 and a 200 day moving average price of $42.39. Tortoise Energy Infrastructure has a fifty-two week low of $32.90 and a fifty-two week high of $48.76.
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 bought a new stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,622 shares of the financial services provider’s stock, valued at approximately $242,000. Integrated Wealth Concepts LLC owned approximately 0.05% of Tortoise Energy Infrastructure at the end of the most recent quarter. Hedge funds and other 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.
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