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

Tortoise Energy Infrastructure Co. (NYSE:TYG) declared a dividend on Monday, March 24th, investing.com reports. Shareholders of record on Tuesday, March 25th will be given a dividend of 0.365 per share by the financial services provider on Monday, March 31st. This represents a yield of 10%. The ex-dividend date is Monday, March 24th.

Tortoise Energy Infrastructure Trading Down 0.3 %

Shares of NYSE TYG traded down $0.15 during mid-day trading on Monday, reaching $43.66. 53,616 shares of the company’s stock were exchanged, compared to its average volume of 55,323. Tortoise Energy Infrastructure has a twelve month low of $29.54 and a twelve month high of $48.76. The business has a fifty day simple moving average of $44.41 and a 200 day simple moving average of $42.56.

Insiders Place Their Bets

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $42.46, for a total transaction of $391,099.06. Following the completion of the transaction, the insider now owns 1,066,901 shares in the company, valued at approximately $45,300,616.46. This represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.