Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be paid a dividend of 0.125 per share by the investment management company on Wednesday, July 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Tuesday, July 23rd.
Tortoise Power & Energy Infrstrct Fd has decreased its dividend payment by an average of 2.6% per year over the last three years.
Shares of NYSE:TPZ opened at $18.92 on Monday. Tortoise Power & Energy Infrstrct Fd has a 12-month low of $14.77 and a 12-month high of $20.20. The stock’s 50 day moving average price is $18.58.
About Tortoise Power & Energy Infrstrct Fd
Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.
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