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

Tortoise Energy Infrastructure Corporation (NYSE:TYG) announced a monthly dividend on Tuesday, November 11th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.475 per share by the financial services provider on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, February 20th.

Tortoise Energy Infrastructure Trading Up 2.2%

Shares of Tortoise Energy Infrastructure stock traded up $0.98 during mid-day trading on Wednesday, reaching $44.35. 179,607 shares of the stock were exchanged, compared to its average volume of 82,709. Tortoise Energy Infrastructure has a fifty-two week low of $33.73 and a fifty-two week high of $48.76. The firm has a 50-day simple moving average of $42.78 and a 200 day simple moving average of $42.34.

Tortoise Energy Infrastructure Company Profile

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.