Tortoise Energy Infrastructure Corporation (NYSE:TYG) to Issue Monthly Dividend of $0.48

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Tuesday, May 12th. Shareholders of record on Monday, August 24th will be given a dividend of 0.475 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Monday, August 24th.

Tortoise Energy Infrastructure Stock Down 0.0%

Shares of NYSE:TYG traded down $0.01 during trading on Wednesday, hitting $46.07. 59,969 shares of the company were exchanged, compared to its average volume of 134,985. Tortoise Energy Infrastructure has a fifty-two week low of $39.93 and a fifty-two week high of $51.18. The firm has a fifty day moving average price of $48.59 and a two-hundred day moving average price of $45.50.

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.