Tortoise Energy Infrastructure Corporation Plans Monthly Dividend of $0.47 (NYSE:TYG)

Tortoise Energy Infrastructure Corporation (NYSE:TYG) announced a monthly dividend on Thursday, August 20th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of 0.475 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Tortoise Energy Infrastructure Stock Performance

Tortoise Energy Infrastructure stock opened at $44.77 on Friday. The business has a 50 day simple moving average of $43.22 and a 200-day simple moving average of $45.92. 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.