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 is Monday, March 24th.
Tortoise Energy Infrastructure Stock Down 0.3 %
Shares of NYSE:TYG traded down $0.15 during trading on Monday, hitting $43.66. 53,616 shares of the company’s stock were exchanged, compared to its average volume of 55,323. The firm has a 50-day moving average price of $44.41 and a two-hundred day moving average price of $42.56. Tortoise Energy Infrastructure has a 1-year low of $29.54 and a 1-year high of $48.76.
Insiders Place Their Bets
In other news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $41.61, for a total transaction of $235,803.87. Following the completion of the transaction, the insider now directly owns 1,061,234 shares in the company, valued at approximately $44,157,946.74. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.
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