Tortoise Energy Infrastructure Corporation (TYG) to Issue Monthly Dividend of $0.48 on January 30th

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Tuesday, November 11th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.475 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Friday, January 23rd.

Tortoise Energy Infrastructure Trading Up 0.2%

Shares of TYG stock opened at $44.76 on Wednesday. Tortoise Energy Infrastructure has a 1 year low of $33.73 and a 1 year high of $48.76. The stock has a 50 day simple moving average of $42.62 and a 200 day simple moving average of $42.79.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.