Tortoise Energy Infrastructure Corporation (TYG) to Distribute Monthly Dividend of $0.47 on July 31st

Tortoise Energy Infrastructure Corporation (NYSE:TYG) announced a monthly dividend on Tuesday, May 12th. Investors of record on Friday, July 24th will be given a dividend of 0.475 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Friday, July 24th.

Tortoise Energy Infrastructure Trading Up 0.3%

Tortoise Energy Infrastructure stock opened at $44.19 on Wednesday. The business’s 50 day simple moving average is $43.84 and its 200 day simple moving average is $45.90. Tortoise Energy Infrastructure has a 12 month low of $40.35 and a 12 month high of $51.18.

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.