Tortoise Energy Infrastructure Corporation (TYG) to Issue Monthly Dividend of $0.48 on April 30th

Tortoise Energy Infrastructure Corporation (NYSE:TYG) announced a monthly dividend on Friday, February 27th. Investors of record on Thursday, April 23rd will be paid a dividend of 0.475 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Thursday, April 23rd.

Tortoise Energy Infrastructure Stock Up 0.7%

Shares of NYSE:TYG traded up $0.33 during mid-day trading on Tuesday, hitting $48.44. The stock had a trading volume of 17,601 shares, compared to its average volume of 124,242. Tortoise Energy Infrastructure has a 12-month low of $37.92 and a 12-month high of $51.18. The company’s 50 day moving average is $48.63 and its 200-day moving average is $44.98.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

Several hedge funds have recently made changes to their positions in the company. Fiduciary Alliance LLC lifted its position in shares of Tortoise Energy Infrastructure by 9.3% in the 1st quarter. Fiduciary Alliance LLC now owns 7,913 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 673 shares in the last quarter. Kercheville Advisors LLC lifted its position in shares of Tortoise Energy Infrastructure by 8.2% in the 1st quarter. Kercheville Advisors LLC now owns 23,100 shares of the financial services provider’s stock valued at $1,152,000 after acquiring an additional 1,757 shares in the last quarter. Harbour Wealth Management Group Inc. purchased a new stake in shares of Tortoise Energy Infrastructure in the 1st quarter valued at approximately $212,000. Rockefeller Capital Management L.P. lifted its position in shares of Tortoise Energy Infrastructure by 255.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,892 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Tortoise Energy Infrastructure by 17.8% in the 4th quarter. Corient Private Wealth LLC now owns 12,677 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 1,918 shares in the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

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.