Tortoise Energy Infrastructure Corporation (NYSE:TYG) Announces Monthly Dividend of $0.48

Tortoise Energy Infrastructure Corporation (NYSE:TYG) announced a monthly dividend on Tuesday, May 12th. Investors of record on Wednesday, June 3rd will be given a dividend of 0.475 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Tortoise Energy Infrastructure Price Performance

NYSE TYG traded up $0.05 during trading on Wednesday, reaching $46.13. 53,786 shares of the company’s stock were exchanged, compared to its average volume of 134,913. The business has a 50 day moving average price of $48.59 and a 200-day moving average price of $45.50. Tortoise Energy Infrastructure has a fifty-two week low of $39.93 and a fifty-two week high of $51.18.

Tortoise Energy Infrastructure Company Profile

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.