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

Tortoise Energy Infrastructure Corporation (NYSE:TYG) announced a monthly dividend on Tuesday, May 12th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.475 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Monday, August 24th.

Tortoise Energy Infrastructure Trading Up 0.1%

TYG traded up $0.07 on Wednesday, hitting $46.15. 56,971 shares of the company’s stock were exchanged, compared to its average volume of 134,949. Tortoise Energy Infrastructure has a fifty-two week low of $39.93 and a fifty-two week high of $51.18. The firm has a 50-day moving average price of $48.59 and a 200-day moving average price of $45.50.

Tortoise Energy Infrastructure Company Profile

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.