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

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Friday, February 27th. Investors of record on Friday, May 22nd will be given a dividend of 0.475 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Friday, May 22nd.

Tortoise Energy Infrastructure Trading Up 0.1%

NYSE:TYG opened at $46.97 on Wednesday. Tortoise Energy Infrastructure has a one year low of $39.93 and a one year high of $51.18. The company has a fifty day moving average price of $48.29 and a 200 day moving average price of $45.65.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Tortoise Energy Infrastructure by 17.5% in the 1st quarter. Royal Bank of Canada now owns 391,435 shares of the financial services provider’s stock valued at $19,513,000 after buying an additional 58,304 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Tortoise Energy Infrastructure by 17.9% in the 4th quarter. Advisors Asset Management Inc. now owns 381,612 shares of the financial services provider’s stock valued at $15,608,000 after buying an additional 57,930 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Tortoise Energy Infrastructure by 8.3% in the 3rd quarter. Raymond James Financial Inc. now owns 317,361 shares of the financial services provider’s stock valued at $13,675,000 after buying an additional 24,319 shares in the last quarter. Bard Associates Inc. raised its stake in shares of Tortoise Energy Infrastructure by 71.1% in the 4th quarter. Bard Associates Inc. now owns 195,725 shares of the financial services provider’s stock valued at $8,005,000 after buying an additional 81,306 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Tortoise Energy Infrastructure by 19.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 167,078 shares of the financial services provider’s stock valued at $6,910,000 after buying an additional 27,300 shares in the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

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.