Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) Announces Monthly Dividend of $0.13
Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Thursday, August 8th, NASDAQ reports. Stockholders of record on Monday, September 23rd will be given a dividend of 0.125 per share by the investment management company on Monday, September 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date is Friday, September 20th.
Tortoise Power & Energy Infrstrct Fd has decreased its dividend by an average of 2.6% per year over the last three years.
Shares of NYSE:TPZ traded down $0.08 during trading on Wednesday, reaching $18.30. 991 shares of the company traded hands, compared to its average volume of 21,237. The company’s 50 day moving average is $17.80 and its two-hundred day moving average is $18.39. Tortoise Power & Energy Infrstrct Fd has a 52 week low of $14.77 and a 52 week high of $19.69.
Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.
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