Tortoise Power & Energy Infrstrct Fd Inc (TPZ) Announces $0.13 Monthly Dividend
Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.125 per share by the investment management company on Friday, September 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Thursday, September 21st.
Tortoise Power & Energy Infrstrct Fd has increased its dividend by an average of 0.6% annually over the last three years.
Tortoise Power & Energy Infrstrct Fd (TPZ) traded up 0.54% during mid-day trading on Wednesday, hitting $20.61. 8,944 shares of the stock were exchanged. Tortoise Power & Energy Infrstrct Fd has a 1-year low of $19.97 and a 1-year high of $23.46. The stock has a 50 day moving average price of $20.91 and a 200 day moving average price of $21.92.
About Tortoise Power & Energy Infrstrct Fd
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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