Tortoise Energy Infrastructure Co. (NYSE:TYG) to Issue — Dividend of $0.37

Tortoise Energy Infrastructure Co. (NYSE:TYGGet Free Report) announced a — dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.365 per share by the financial services provider on Friday, May 30th. This represents a yield of 8.4%. The ex-dividend date is Friday, May 23rd.

Tortoise Energy Infrastructure Price Performance

Tortoise Energy Infrastructure stock opened at $44.44 on Tuesday. The company’s 50 day moving average price is $44.51 and its two-hundred day moving average price is $41.66. Tortoise Energy Infrastructure has a 52 week low of $28.91 and a 52 week high of $48.76.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 9,211 shares of Tortoise Energy Infrastructure stock in a transaction on Friday, December 27th. The stock was sold at an average price of $42.46, for a total value of $391,099.06. Following the completion of the transaction, the insider now directly owns 1,066,901 shares in the company, valued at approximately $45,300,616.46. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Prudential Financial Inc bought 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the acquisition, the insider now directly owns 1,500,000 shares in the company, valued at approximately $15,000,000. This represents 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

(Get Free Report)

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.

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Dividend History for Tortoise Energy Infrastructure (NYSE:TYG)

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