Tortoise Energy Infrastructure Co. (NYSE:TYG – Get Free Report) declared a dividend on Monday, March 24th, investing.com reports. Stockholders 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 Price Performance
Shares of Tortoise Energy Infrastructure stock opened at $44.30 on Wednesday. The business has a 50-day moving average price of $44.41 and a 200 day moving average price of $42.56. Tortoise Energy Infrastructure has a fifty-two week low of $29.54 and a fifty-two week high of $48.76.
Insider Activity at Tortoise Energy Infrastructure
In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $41.61, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.
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