Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) announced a monthly dividend on Tuesday, May 12th. Investors of record on Friday, July 24th will be paid a dividend of 0.475 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Friday, July 24th.
Tortoise Energy Infrastructure Trading Down 0.1%
Shares of TYG stock opened at $46.05 on Thursday. The business’s 50 day simple moving average is $48.49 and its 200 day simple moving average is $45.52. Tortoise Energy Infrastructure has a one year low of $39.93 and a one year high of $51.18.
About Tortoise Energy Infrastructure
Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.
The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.
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