Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Announces $0.11 Monthly Dividend

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced a monthly dividend on Tuesday, September 10th, Wall Street Journal reports. Investors of record on Monday, September 23rd will be given a dividend of 0.105 per share by the investment management company on Monday, September 30th. This represents a $1.26 annualized dividend and a yield of 6.96%. The ex-dividend date is Monday, September 23rd.

Tortoise Power and Energy Infrastructure Fund has raised its dividend by an average of 8.9% per year over the last three years.

Tortoise Power and Energy Infrastructure Fund Stock Performance

NYSE:TPZ traded up $0.16 during trading hours on Thursday, hitting $18.10. The company had a trading volume of 15,334 shares, compared to its average volume of 12,855. The stock has a 50-day moving average price of $17.16 and a 200 day moving average price of $15.96. Tortoise Power and Energy Infrastructure Fund has a 52 week low of $12.76 and a 52 week high of $18.48.

Tortoise Power and Energy Infrastructure Fund Company Profile

Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.