Tortoise Energy Infrastructure Co. (TYG) To Go Ex-Dividend on March 24th

Tortoise Energy Infrastructure Co. (NYSE:TYG) declared a dividend on Monday, March 24th, investing.com reports. Investors of record on Tuesday, March 25th will be given a dividend of 0.365 per share by the financial services provider on Monday, March 31st. This represents a yield of 10%. The ex-dividend date of this dividend is Monday, March 24th.

Tortoise Energy Infrastructure Stock Up 1.1 %

NYSE:TYG opened at $44.30 on Wednesday. The firm’s 50 day moving average is $44.41 and its two-hundred day moving average is $42.56. Tortoise Energy Infrastructure has a fifty-two week low of $29.54 and a fifty-two week high of $48.76.

Insider Buying and Selling

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of Tortoise Energy Infrastructure stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $41.61, for a total transaction 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. The trade was a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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.