Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) announced a monthly dividend on Thursday, August 20th. Investors of record on Monday, November 23rd will be given a dividend of 0.475 per share by the financial services provider on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Monday, November 23rd.
Tortoise Energy Infrastructure Trading Up 0.4%
NYSE:TYG opened at $44.77 on Friday. Tortoise Energy Infrastructure has a 1 year low of $40.35 and a 1 year high of $51.18. The stock has a fifty day moving average price of $43.22 and a two-hundred day moving average price of $45.92.
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.
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