Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) declared a dividend on Monday, March 24th, investing.com reports. Investors of record on Tuesday, March 25th will be paid a dividend of 0.365 per share by the financial services provider on Monday, March 31st. This represents a dividend yield of 10%. The ex-dividend date of this dividend is Monday, March 24th.
Tortoise Energy Infrastructure Stock Down 0.8 %
NYSE TYG traded down $0.35 on Friday, reaching $43.15. 59,457 shares of the company's stock traded hands, compared to its average volume of 55,348. Tortoise Energy Infrastructure has a 12 month low of $29.54 and a 12 month high of $48.76. The stock has a 50-day simple moving average of $44.22 and a 200 day simple moving average of $42.69.
Insider Activity at Tortoise Energy Infrastructure
In related news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $41.61, for a total transaction of $235,803.87. Following the completion of the sale, the insider now directly owns 1,061,234 shares in the company, valued at $44,157,946.74. This represents a 0.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is owned by insiders.
About Tortoise Energy Infrastructure
(
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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.
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