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 Stock Performance
Shares of TYG Stock traded down $0.19 during midday trading on Wednesday, hitting $35.28. 500 shares of the company were exchanged, compared to its average volume of 40,772. Tortoise Energy Infrastructure has a 52 week low of $25.53 and a 52 week high of $36.85. The firm's 50 day moving average price is $31.05 and its two-hundred day moving average price is $31.99.
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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date is Tuesday, August 23rd.