Tortoise Energy Infrastructure Co. (TYG) To Go Ex-Dividend on February 21st

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a — dividend on Monday, December 9th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.365 per share by the financial services provider on Friday, February 28th. This represents a yield of 7.4%. The ex-dividend date is Friday, February 21st.

Tortoise Energy Infrastructure Trading Up 1.3 %

NYSE TYG opened at $46.06 on Wednesday. The company has a fifty day moving average price of $44.32 and a 200-day moving average price of $41.28. Tortoise Energy Infrastructure has a 1 year low of $28.91 and a 1 year high of $48.76.

Insiders Place Their Bets

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $41.61, for a total value of $235,803.87. Following the completion of the transaction, the insider now owns 1,061,234 shares in the company, valued at $44,157,946.74. This represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Prudential Financial Inc bought 1,500,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the completion of the transaction, the insider now owns 1,500,000 shares in the company, valued at approximately $15,000,000. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by insiders.

About Tortoise Energy Infrastructure

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.