Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ – Get Free Report) announced a — dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Thursday, January 30th will be given a dividend of 0.0679 per share by the investment management company on Friday, January 31st. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Tortoise Power and Energy Infrastructure Fund’s previous — dividend of $0.03.
Tortoise Power and Energy Infrastructure Fund Price Performance
Shares of Tortoise Power and Energy Infrastructure Fund stock opened at $20.92 on Friday. The firm has a 50 day simple moving average of $20.65 and a 200 day simple moving average of $19.06. Tortoise Power and Energy Infrastructure Fund has a fifty-two week low of $14.04 and a fifty-two week high of $22.30.
Insider Transactions at Tortoise Power and Energy Infrastructure Fund
In other Tortoise Power and Energy Infrastructure Fund news, major shareholder Saba Capital Management, L.P. sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $20.09, for a total value of $20,090,000.00. Following the transaction, the insider now directly owns 11,234 shares of the company’s stock, valued at approximately $225,691.06. This trade represents a 98.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tortoise Power and Energy Infrastructure Fund Company Profile
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.
Read More
- Five stocks we like better than Tortoise Power and Energy Infrastructure Fund
- What Are Growth Stocks and Investing in Them
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
- Dividend Capture Strategy: What You Need to Know
- MarketBeat Week in Review – 01/27 – 01/31
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Trump 2.0: This Sector May See A Big Performance Boost
Receive News & Ratings for Tortoise Power and Energy Infrastructure Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Power and Energy Infrastructure Fund and related companies with MarketBeat.com's FREE daily email newsletter.
