Tortoise Energy Infrastructure Corporation (TYG) to Issue Monthly Dividend of $0.48 on February 27th

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Tuesday, November 11th. Investors 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) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Friday, February 20th.

Tortoise Energy Infrastructure Stock Performance

Tortoise Energy Infrastructure stock opened at $48.20 on Wednesday. Tortoise Energy Infrastructure has a 1 year low of $33.73 and a 1 year high of $48.54. The firm’s 50-day moving average is $43.31 and its 200-day moving average is $43.12.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

A number of institutional investors have recently added to or reduced their stakes in TYG. Guggenheim Capital LLC increased its position in shares of Tortoise Energy Infrastructure by 19.0% during the 4th quarter. Guggenheim Capital LLC now owns 131,916 shares of the financial services provider’s stock valued at $5,395,000 after purchasing an additional 21,049 shares during the period. Tortoise Capital Advisors L.L.C. bought a new position in Tortoise Energy Infrastructure during the fourth quarter valued at about $250,000. Cetera Investment Advisers grew its holdings in Tortoise Energy Infrastructure by 27.4% during the fourth quarter. Cetera Investment Advisers now owns 17,696 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 3,801 shares during the period. Laird Norton Wetherby Trust Company LLC bought a new stake in Tortoise Energy Infrastructure in the fourth quarter worth about $352,000. Finally, Kovack Advisors Inc. bought a new stake in Tortoise Energy Infrastructure in the fourth quarter worth about $478,000. 32.50% of the stock is currently owned by institutional investors and hedge funds.

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.