Tortoise Energy Infrastructure Co. (NYSE:TYG) to Issue $0.78 Quarterly Dividend

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a quarterly dividend on Monday, November 4th, NASDAQ reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.78 per share by the financial services provider on Friday, November 29th. This represents a $3.12 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend is Friday, November 22nd.

Tortoise Energy Infrastructure Price Performance

Shares of NYSE TYG traded up $0.01 during midday trading on Tuesday, reaching $39.95. 38,852 shares of the company’s stock traded hands, compared to its average volume of 38,683. Tortoise Energy Infrastructure has a one year low of $27.44 and a one year high of $41.46. The stock’s 50 day simple moving average is $38.84 and its 200-day simple moving average is $35.74.

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.