Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) declared 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 10.88%. The ex-dividend date is Friday, August 22nd.
Tortoise Energy Infrastructure Stock Down 0.5%
NYSE:TYG traded down $0.19 during midday trading on Friday, hitting $40.27. The stock had a trading volume of 57,157 shares, compared to its average volume of 61,100. Tortoise Energy Infrastructure has a one year low of $32.50 and a one year high of $48.76. The stock has a 50-day moving average of $40.26 and a 200 day moving average of $42.71.
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 - Free Report) by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,723 shares of the financial services provider's stock after buying an additional 500 shares during the quarter. NewEdge Advisors LLC owned approximately 0.05% of Tortoise Energy Infrastructure worth $246,000 at the end of the most recent quarter. Institutional investors and hedge funds own 32.50% of the company's stock.
Tortoise Energy Infrastructure Company Profile
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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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