Tortoise Energy Infrastructure Co. (TYG) to Issue Quarterly Dividend of $0.71 on May 31st

Tortoise Energy Infrastructure Co. (NYSE:TYG) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.71 per share by the financial services provider on Friday, May 31st. This represents a $2.84 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date is Thursday, May 23rd.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE TYG traded down $0.11 during midday trading on Friday, hitting $33.42. 21,106 shares of the company’s stock were exchanged, compared to its average volume of 44,660. Tortoise Energy Infrastructure has a 12 month low of $26.72 and a 12 month high of $33.70. The company’s 50 day moving average price is $30.67 and its 200 day moving average price is $29.35.

About Tortoise Energy Infrastructure

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.