Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) declared a monthly dividend on Thursday, August 20th. Shareholders of record on Monday, November 23rd will be given a dividend of 0.475 per share by the financial services provider on Monday, November 30th. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Monday, November 23rd.
Tortoise Energy Infrastructure Trading Up 0.4%
Shares of NYSE TYG opened at $44.77 on Friday. The company’s 50-day simple moving average is $43.22 and its 200-day simple moving average is $45.92. Tortoise Energy Infrastructure has a 52-week low of $40.35 and a 52-week high of $51.18.
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.
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