Tortoise Energy Infrastructure Corporation (NYSE:TYG) to Issue Monthly Dividend of $0.47

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Thursday, August 20th. Stockholders of record on Friday, October 23rd will be given a dividend of 0.475 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Friday, October 23rd.

Tortoise Energy Infrastructure Trading Up 0.4%

Tortoise Energy Infrastructure stock opened at $44.77 on Friday. Tortoise Energy Infrastructure has a 52 week low of $40.35 and a 52 week high of $51.18. The firm’s 50-day simple moving average is $43.22 and its 200 day simple moving average is $45.92.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.