Tortoise Energy Infrastructure Corp. (TYG) Insider Terry Matlack Buys 1,000 Shares
Tortoise Energy Infrastructure Corp. (NYSE:TYG) insider Terry Matlack bought 1,000 shares of Tortoise Energy Infrastructure stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average cost of $26.13 per share, with a total value of $26,130.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) traded up $0.17 during mid-day trading on Friday, reaching $26.85. The company had a trading volume of 362,056 shares, compared to its average volume of 354,803. Tortoise Energy Infrastructure Corp. has a 52-week low of $24.30 and a 52-week high of $37.11.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd were given a $0.655 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.62 annualized dividend and a yield of 9.76%. Tortoise Energy Infrastructure’s dividend payout ratio (DPR) is currently -429.51%.
Tortoise Energy Infrastructure Company Profile
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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