Tortoise Energy Infrastructure Co. (NYSE:TYG) Plans $0.71 Quarterly Dividend

Tortoise Energy Infrastructure Co. (NYSE:TYG) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, May 24th will be given a dividend of 0.71 per share by the financial services provider on Friday, May 31st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date of this dividend is Thursday, May 23rd.

Tortoise Energy Infrastructure Trading Down 0.3 %

Shares of Tortoise Energy Infrastructure stock traded down $0.11 during mid-day trading on Friday, reaching $33.42. 21,106 shares of the stock were exchanged, compared to its average volume of 44,660. The firm has a 50-day simple moving average of $30.67 and a 200 day simple moving average of $29.35. Tortoise Energy Infrastructure has a fifty-two week low of $26.72 and a fifty-two week high of $33.70.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC 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.