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

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a — dividend on Monday, February 24th, Wall Street Journal reports. Stockholders 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 dividend yield of 8.4%. The ex-dividend date is Friday, May 23rd.

Tortoise Energy Infrastructure Stock Up 0.4%

Shares of TYG stock opened at $41.50 on Wednesday. The firm’s 50 day moving average price is $40.43 and its two-hundred day moving average price is $42.70. Tortoise Energy Infrastructure has a 52-week low of $32.50 and a 52-week high of $48.76.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

An institutional investor recently bought a new position in Tortoise Energy Infrastructure stock. Integrated Wealth Concepts LLC bought a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,622 shares of the financial services provider’s stock, valued at approximately $242,000. Integrated Wealth Concepts LLC owned about 0.05% of Tortoise Energy Infrastructure at the end of the most recent quarter. 32.50% of the stock is owned by institutional investors and hedge funds.

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.