Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) announced a monthly dividend on Thursday, August 20th. Investors of record on Friday, October 23rd will be given a dividend of 0.475 per share by the financial services provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Friday, October 23rd.
Tortoise Energy Infrastructure Stock Down 0.1%
Shares of TYG stock opened at $44.74 on Friday. Tortoise Energy Infrastructure has a fifty-two week low of $40.35 and a fifty-two week high of $51.18. The firm’s 50 day moving average price is $43.26 and its two-hundred day moving average price is $45.91.
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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