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

Key Points

• Tortoise Energy Infrastructure Corporation has announced a monthly dividend of $0.37 per share, which will be paid on September 30th to stockholders of record as of September 23rd.
• The announced dividend represents an annualized dividend yield of 10.2%.
• As of the latest trading, Tortoise Energy Infrastructure shares are priced at $43.09, with a 1-year low of $33.73 and a high of $48.76.

Tortoise Energy Infrastructure Corporation (NYSE:TYG - Get Free Report) announced a monthly dividend on Monday, August 18th, Wall Street Journal reports. Stockholders of record on Tuesday, September 23rd will be paid a dividend of 0.365 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Tuesday, September 23rd.

Tortoise Energy Infrastructure Price Performance

Shares of NYSE:TYG traded down $0.11 during trading on Monday, hitting $43.09. 44,965 shares of the stock were exchanged, compared to its average volume of 88,839. Tortoise Energy Infrastructure has a 1-year low of $33.73 and a 1-year high of $48.76. The company's fifty day simple moving average is $42.86 and its 200-day simple moving average is $42.02.

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.

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