Tortoise Energy Infrastructure Corporation (NYSE:TYG) Announces Dividend Increase – $0.48 Per Share

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Tuesday, November 11th. Investors of record on Friday, November 21st will be given a dividend of 0.475 per share by the financial services provider on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Friday, November 21st. This is a 30.1% increase from Tortoise Energy Infrastructure’s previous monthly dividend of $0.37.

Tortoise Energy Infrastructure Trading Up 2.2%

Tortoise Energy Infrastructure stock traded up $0.98 during mid-day trading on Wednesday, hitting $44.35. The company’s stock had a trading volume of 179,607 shares, compared to its average volume of 82,709. Tortoise Energy Infrastructure has a 1 year low of $33.73 and a 1 year high of $48.76. The stock’s fifty day moving average is $42.78 and its two-hundred day moving average is $42.34.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.