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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced a monthly dividend on Monday, November 4th, NASDAQ reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.105 per share by the investment management company on Friday, November 29th. This represents a $1.26 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Friday, November 22nd.

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 Stock Performance

Shares of NYSE TPZ traded up $0.25 during midday trading on Tuesday, hitting $18.99. The stock had a trading volume of 32,715 shares, compared to its average volume of 15,538. The stock has a 50 day simple moving average of $18.42 and a 200-day simple moving average of $16.85. Tortoise Power and Energy Infrastructure Fund has a 1 year low of $13.14 and a 1 year high of $19.09.

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.