Tortoise Energy Infrastructure Co. Announces Monthly Dividend of $0.37 (NYSE:TYG)

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a monthly dividend on Tuesday, May 20th, Wall Street Journal reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.365 per share by the financial services provider on Friday, August 29th. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.55%. The ex-dividend date is Friday, August 22nd.

Tortoise Energy Infrastructure Stock Up 0.4%

NYSE:TYG opened at $41.50 on Wednesday. Tortoise Energy Infrastructure has a one year low of $32.50 and a one year high of $48.76. The firm’s fifty day moving average is $40.43 and its two-hundred day moving average is $42.70.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

An institutional investor recently raised its position in Tortoise Energy Infrastructure stock. NewEdge Advisors LLC lifted its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,723 shares of the financial services provider’s stock after acquiring an additional 500 shares during the quarter. NewEdge Advisors LLC owned 0.05% of Tortoise Energy Infrastructure worth $246,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 32.50% of the company’s stock.

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.