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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) declared a monthly dividend on Thursday, October 10th, NASDAQ reports. Investors of record on Thursday, October 24th will be paid a dividend of 0.105 per share by the investment management company on Thursday, October 31st. This represents a $1.26 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date of this dividend is Thursday, October 24th.

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

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of NYSE:TPZ traded up $0.05 on Friday, reaching $18.70. The company had a trading volume of 45,235 shares, compared to its average volume of 15,092. Tortoise Power and Energy Infrastructure Fund has a twelve month low of $13.14 and a twelve month high of $18.78. The stock has a 50-day moving average price of $18.04 and a 200 day moving average price of $16.46.

About Tortoise Power and Energy Infrastructure Fund

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.