Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) announced a monthly dividend on Friday, February 27th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.475 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Tuesday, March 24th.
Tortoise Energy Infrastructure Price Performance
TYG opened at $48.93 on Friday. Tortoise Energy Infrastructure has a 12-month low of $33.73 and a 12-month high of $51.18. The business’s fifty day simple moving average is $46.97 and its 200-day simple moving average is $44.13.
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.
Recommended Stories
Receive News & Ratings for Tortoise Energy Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Energy Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
