Matthew Sallee Acquires 5,000 Shares of Tortoise Energy Infrastructure Corp. (TYG) Stock
Tortoise Energy Infrastructure Corp. (NYSE:TYG) insider Matthew Sallee purchased 5,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $25.47 per share, for a total transaction of $127,350.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Tortoise Energy Infrastructure Corp. (NYSE TYG) traded up $0.39 during mid-day trading on Friday, hitting $26.25. 317,191 shares of the stock traded hands, compared to its average volume of 322,436. Tortoise Energy Infrastructure Corp. has a 1 year low of $24.30 and a 1 year high of $37.11.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.655 per share. The ex-dividend date was Tuesday, November 21st. This represents a $2.62 annualized dividend and a dividend yield of 9.98%. Tortoise Energy Infrastructure’s payout ratio is -18.82%.
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About Tortoise Energy Infrastructure
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. 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.
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