Tortoise Energy Infrastructure Co. (NYSE:TYG) Announces $0.37 — Dividend

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a — dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.365 per share by the financial services provider on Friday, May 30th. This represents a yield of 8.4%. The ex-dividend date is Friday, May 23rd.

Tortoise Energy Infrastructure Price Performance

NYSE TYG opened at $44.44 on Tuesday. The stock’s fifty day moving average is $44.51 and its two-hundred day moving average is $41.66. Tortoise Energy Infrastructure has a fifty-two week low of $28.91 and a fifty-two week high of $48.76.

Insider Buying and Selling at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, major shareholder Prudential Financial Inc bought 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the transaction, the insider now directly owns 1,500,000 shares of the company’s stock, valued at $15,000,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Saba Capital Management, L.P. sold 5,667 shares of Tortoise Energy Infrastructure stock in a transaction on Monday, December 30th. The shares were sold at an average price of $41.61, for a total value of $235,803.87. Following the completion of the sale, the insider now owns 1,061,234 shares in the company, valued at $44,157,946.74. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.