Tortoise Energy Infrastructure Co. (NYSE:TYG) Declares $0.37 — Dividend

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a — dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Friday, May 23rd will be given a dividend of 0.365 per share by the financial services provider on Friday, May 30th. This represents a dividend yield of 8.4%. The ex-dividend date is Friday, May 23rd.

Tortoise Energy Infrastructure Stock Performance

NYSE TYG opened at $41.50 on Wednesday. Tortoise Energy Infrastructure has a 52 week low of $32.50 and a 52 week high of $48.76. The business has a 50 day moving average price of $40.43 and a 200-day moving average price of $42.70.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

A hedge fund recently bought a new stake in Tortoise Energy Infrastructure stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,622 shares of the financial services provider’s stock, valued at approximately $242,000. Integrated Wealth Concepts LLC owned approximately 0.05% of Tortoise Energy Infrastructure as of its most recent SEC filing. Institutional investors and hedge funds own 32.50% of the company’s stock.

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.