Tortoise Energy Infrastructure Corp. (NYSE:TYG) announced a quarterly dividend on Tuesday, November 8th. Investors of record on Wednesday, November 23rd will be given a dividend of 0.655 per share on Wednesday, November 30th. This represents a $2.62 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date is Monday, November 21st.

Shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) opened at 31.33 on Wednesday. The company has a 50-day moving average of $29.89 and a 200-day moving average of $30.23. Tortoise Energy Infrastructure Corp. has a 52-week low of $18.50 and a 52-week high of $33.05.

Dividend History for Tortoise Energy Infrastructure Corp. (NYSE:TYG)

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Tortoise Energy Infrastructure Corp. from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Tortoise Energy Infrastructure Corp. from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 30th.

A number of institutional investors have recently bought and sold shares of TYG. Fort Washington Investment Advisors Inc OH raised its position in Tortoise Energy Infrastructure Corp. by 1.8% in the second quarter. Fort Washington Investment Advisors Inc OH now owns 11,614 shares of the company’s stock worth $357,000 after buying an additional 200 shares during the last quarter. First Allied Advisory Services Inc. raised its position in Tortoise Energy Infrastructure Corp. by 3.3% in the second quarter. First Allied Advisory Services Inc. now owns 14,878 shares of the company’s stock valued at $459,000 after buying an additional 476 shares during the last quarter. US Bancorp DE raised its position in Tortoise Energy Infrastructure Corp. by 8.1% in the second quarter. US Bancorp DE now owns 19,751 shares of the company’s stock valued at $608,000 after buying an additional 1,473 shares during the last quarter. HighTower Advisors LLC raised its position in Tortoise Energy Infrastructure Corp. by 4.0% in the second quarter. HighTower Advisors LLC now owns 53,170 shares of the company’s stock valued at $1,639,000 after buying an additional 2,023 shares during the last quarter. Finally, Advisor Group Inc. purchased a new position in Tortoise Energy Infrastructure Corp. during the second quarter valued at $103,000. Hedge funds and other institutional investors own 29.10% of the company’s stock.

About Tortoise Energy Infrastructure Corp.

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary objective is to seek a high level of total return with an emphasis on current distributions. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

5 Day Chart for NYSE:TYG

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