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

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a monthly dividend on Thursday, December 5th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 24th will be paid a dividend of 0.365 per share by the financial services provider on Tuesday, December 31st. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date of this dividend is Tuesday, December 24th.

Tortoise Energy Infrastructure Stock Up 2.0 %

Tortoise Energy Infrastructure stock opened at $42.11 on Friday. The company has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $38.31. Tortoise Energy Infrastructure has a 12-month low of $28.01 and a 12-month high of $46.35.

Insider Buying and Selling at Tortoise Energy Infrastructure

In related news, major shareholder Prudential Financial Inc acquired 1,500,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the purchase, the insider now directly owns 1,500,000 shares of the company’s stock, valued at approximately $15,000,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by insiders.

About Tortoise Energy Infrastructure

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.