Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) declared a monthly dividend on Friday, February 27th. Stockholders 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 dividend yield of 12.1%. The ex-dividend date of this dividend is Friday, May 22nd.
Tortoise Energy Infrastructure Price Performance
Shares of NYSE TYG opened at $46.97 on Wednesday. The firm has a fifty day moving average of $48.29 and a 200 day moving average of $45.65. Tortoise Energy Infrastructure has a one year low of $39.93 and a one year high of $51.18.
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.
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