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

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a — dividend on Tuesday, February 25th, 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 of this dividend is Friday, May 23rd.

Tortoise Energy Infrastructure Trading Up 0.0 %

Shares of TYG opened at $43.53 on Wednesday. The business’s 50-day moving average is $44.53 and its 200-day moving average is $41.72. Tortoise Energy Infrastructure has a fifty-two week low of $29.03 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 purchased 1,500,000 shares of the company’s stock in a transaction dated 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 purchase, the insider now directly owns 1,500,000 shares in the company, valued at $15,000,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of Tortoise Energy Infrastructure stock in a transaction on Friday, December 27th. The shares were sold at an average price of $42.46, for a total transaction of $391,099.06. Following the completion of the sale, the insider now directly owns 1,066,901 shares of the company’s stock, valued at approximately $45,300,616.46. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

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.