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

Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) declared a dividend on Tuesday, June 17th, investing.com reports. Shareholders of record on Tuesday, June 24th will be paid a dividend of 0.365 per share by the financial services provider on Monday, June 30th. This represents a yield of 10.35%. The ex-dividend date is Monday, June 23rd.

Tortoise Energy Infrastructure Stock Down 0.9%

Shares of Tortoise Energy Infrastructure stock opened at $42.30 on Tuesday. The business's 50 day simple moving average is $40.14 and its two-hundred day simple moving average is $42.39. Tortoise Energy Infrastructure has a one year low of $32.68 and a one year high of $48.76.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

A hedge fund recently raised its stake in Tortoise Energy Infrastructure stock. NewEdge Advisors LLC boosted its stake in 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 (SEC). The firm owned 5,723 shares of the financial services provider's stock after purchasing an additional 500 shares during the period. NewEdge Advisors LLC owned about 0.05% of Tortoise Energy Infrastructure worth $246,000 at the end of the most recent reporting period. 32.50% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.