Tortoise Energy Infrastructure Corporation (NYSE:TYG) to Issue Monthly Dividend of $0.48

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Tuesday, May 12th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.475 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, August 24th.

Tortoise Energy Infrastructure Trading Up 0.1%

Shares of TYG stock traded up $0.07 on Wednesday, hitting $46.15. 56,971 shares of the stock traded hands, compared to its average volume of 134,949. The firm’s 50-day moving average price is $48.59 and its two-hundred day moving average price is $45.50. Tortoise Energy Infrastructure has a twelve month low of $39.93 and a twelve month high of $51.18.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.