Tortoise Energy Infrastructure Co. (NYSE:TYG) to Issue Monthly Dividend of $0.37

Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) declared a monthly dividend on Thursday, February 20th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.365 per share by the financial services provider on Monday, March 31st. This represents a $4.38 annualized dividend and a dividend yield of 10.06%. The ex-dividend date of this dividend is Monday, March 24th.

Tortoise Energy Infrastructure Stock Performance

Shares of Tortoise Energy Infrastructure stock opened at $43.56 on Thursday. The business has a 50-day moving average of $44.56 and a two-hundred day moving average of $41.73. Tortoise Energy Infrastructure has a 1 year low of $29.03 and a 1 year high of $48.76.

Insider Buying and Selling

In other news, major shareholder Prudential Financial Inc acquired 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of $10.00 per share, with a total value 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 approximately $15,000,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $41.61, for a total value of $235,803.87. Following the transaction, the insider now directly owns 1,061,234 shares of the company's stock, valued at $44,157,946.74. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

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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.