Tortoise Energy Infrastructure Co. (TYG) To Go Ex-Dividend on August 22nd

Tortoise Energy Infrastructure Co. (NYSE:TYG) declared a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be given a dividend of 0.365 per share by the financial services provider on Friday, August 29th. This represents a $4.38 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend is Friday, August 22nd.

Tortoise Energy Infrastructure Stock Performance

NYSE:TYG opened at $41.50 on Wednesday. The stock’s 50 day moving average price is $40.43 and its 200 day moving average price is $42.70. Tortoise Energy Infrastructure has a 52 week low of $32.50 and a 52 week high of $48.76.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

A hedge fund recently raised its stake in Tortoise Energy Infrastructure stock. NewEdge Advisors LLC raised its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,723 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. NewEdge Advisors LLC owned 0.05% of Tortoise Energy Infrastructure worth $246,000 as of its most recent SEC filing. 32.50% of the stock is owned by institutional investors and hedge funds.

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.