Tortoise Power & Energy Infrstrct Fd Inc to Issue Monthly Dividend of $0.13 (TPZ)
Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) declared a monthly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Tuesday, October 24th will be paid a dividend of 0.125 per share by the investment management company on Tuesday, October 31st. This represents a $1.50 annualized dividend and a dividend yield of 7.32%. The ex-dividend date is Monday, October 23rd.
Tortoise Power & Energy Infrstrct Fd has raised its dividend payment by an average of 0.6% annually over the last three years.
Shares of Tortoise Power & Energy Infrstrct Fd (TPZ) traded down 1.68% on Tuesday, hitting $20.50. The stock had a trading volume of 29,922 shares. The company has a 50-day moving average of $20.91 and a 200 day moving average of $21.92. Tortoise Power & Energy Infrstrct Fd has a 52 week low of $19.97 and a 52 week high of $23.46.
Tortoise Power & Energy Infrstrct Fd Company Profile
Tortoise Power and Energy Infrastructure Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary objective is capital appreciation. It seeks to invest primarily in fixed income and dividend-paying equity securities of power and energy infrastructure companies.
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