Tortoise Energy Infrastructure Co. to Issue Dividend of $0.37 (NYSE:TYG)

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a dividend on Monday, March 24th, investing.com reports. Investors of record on Tuesday, March 25th will be paid a dividend of 0.365 per share by the financial services provider on Monday, March 31st. This represents a dividend yield of 10%. The ex-dividend date is Monday, March 24th.

Tortoise Energy Infrastructure Stock Down 0.3 %

TYG stock opened at $43.66 on Tuesday. The company has a 50-day simple moving average of $44.41 and a 200 day simple moving average of $42.56. Tortoise Energy Infrastructure has a fifty-two week low of $29.54 and a fifty-two week high of $48.76.

Insider Transactions at Tortoise Energy Infrastructure

In other news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of Tortoise Energy Infrastructure stock in a transaction on Monday, December 30th. The stock was sold at an average price of $41.61, for a total transaction of $235,803.87. Following the transaction, the insider now directly owns 1,061,234 shares in the company, valued at approximately $44,157,946.74. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.