Tortoise Energy Infrastructure Corporation (NYSE:TYG) Announces $0.37 Dividend

Tortoise Energy Infrastructure Corporation (NYSE:TYG - Get Free Report) announced a dividend on Tuesday, June 17th, investing.com reports. Investors 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 dividend yield of 10.35%. The ex-dividend date of this dividend is Monday, June 23rd.

Tortoise Energy Infrastructure Price Performance

NYSE:TYG traded up $0.13 during trading hours on Friday, hitting $42.47. 79,039 shares of the company's stock traded hands, compared to its average volume of 62,458. Tortoise Energy Infrastructure has a 52 week low of $32.90 and a 52 week high of $48.76. The business's fifty day simple moving average is $40.44 and its two-hundred day simple moving average is $42.37.

Institutional Trading of Tortoise Energy Infrastructure

An institutional investor recently bought a new position in Tortoise Energy Infrastructure stock. Integrated Wealth Concepts LLC bought a new stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,622 shares of the financial services provider's stock, valued at approximately $242,000. Integrated Wealth Concepts LLC owned approximately 0.05% of Tortoise Energy Infrastructure at the end of the most recent reporting period. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

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.