Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. 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. The fund primarily invests in securities of publicly traded Master Limited Partnerships and stocks of companies having a market capitalization greater than $100 million. Tortoise Energy Infrastructure Corporation was formed on October 29, 2003 and is domiciled in the United States.
Tortoise Energy Infrastructure Trading Up 1.9 %
NYSE:TYG opened at $34.72 on Friday. The firm's 50 day simple moving average is $31.03 and its 200 day simple moving average is $31.86. Tortoise Energy Infrastructure has a 1 year low of $25.53 and a 1 year high of $36.85.
Tortoise Energy Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $2.84 annualized dividend and a dividend yield of 8.18%.