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

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a monthly dividend on Thursday, December 5th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 24th will be paid a dividend of 0.365 per share by the financial services provider on Tuesday, December 31st. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date of this dividend is Tuesday, December 24th.

Tortoise Energy Infrastructure Price Performance

TYG opened at $42.11 on Friday. The stock’s 50-day moving average price is $42.62 and its 200 day moving average price is $38.31. Tortoise Energy Infrastructure has a 12-month low of $28.01 and a 12-month high of $46.35.

Insider Activity

In related news, major shareholder Prudential Financial Inc acquired 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the purchase, the insider now owns 1,500,000 shares in the company, valued at approximately $15,000,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.