Tortoise Energy Infrastructure Corporation Announces Monthly Dividend of $0.48 (NYSE:TYG)

Tortoise Energy Infrastructure Corporation (NYSE:TYG) declared a monthly dividend on Friday, December 6th. Investors of record on Wednesday, December 24th will be given a dividend of 0.475 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Wednesday, December 24th.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE TYG opened at $40.99 on Monday. Tortoise Energy Infrastructure has a fifty-two week low of $33.73 and a fifty-two week high of $48.76. The business has a 50 day moving average price of $42.89 and a two-hundred day moving average price of $42.83.

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.