Tortoise Energy Infrastructure Corporation (TYG) To Go Ex-Dividend on March 24th

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Friday, February 27th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.475 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Tuesday, March 24th.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock opened at $48.93 on Friday. Tortoise Energy Infrastructure has a fifty-two week low of $33.73 and a fifty-two week high of $51.18. The stock’s fifty day moving average is $46.97 and its two-hundred day moving average is $44.13.

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.