Tortoise Power and Energy Infrastructure Fund, Inc. Plans Monthly Dividend of $0.11 (NYSE:TPZ)

Posted by Max Byerly on Apr 21st, 2024

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ – Get Free Report) declared a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.105 per share by the investment management company on Tuesday, April 30th. This represents a $1.26 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date is Monday, April 22nd.

Tortoise Power and Energy Infrastructure Fund has raised its dividend by an average of 8.9% annually over the last three years.

Tortoise Power and Energy Infrastructure Fund Stock Up 1.6 %

Shares of TPZ stock opened at $15.11 on Friday. Tortoise Power and Energy Infrastructure Fund has a 52-week low of $12.45 and a 52-week high of $15.80. The firm’s 50 day moving average price is $15.00 and its two-hundred day moving average price is $14.15.

Institutional Investors Weigh In On Tortoise Power and Energy Infrastructure Fund

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the second quarter worth $129,000. First Trust Advisors LP acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the first quarter worth $133,000. Eudaimonia Partners LLC acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the first quarter worth $158,000. First Republic Investment Management Inc. acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the fourth quarter worth $188,000. Finally, Zimmer Partners LP acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the first quarter worth $193,000.

Tortoise Power and Energy Infrastructure Fund Company Profile

(Get Free Report)

Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.