Tortoise Energy Infrastructure Co. Announces Dividend Distribution

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a dividend on Monday, March 24th, as reported by investment sources. Shareholders who are on record by Tuesday, March 25th, will receive a dividend of $0.365 per share. This payment is set to be distributed on Monday, March 31st, reflecting a yield of 10%. The ex-dividend date for this distribution is noted to be Monday, March 24th.

Recent Stock Performance

On Monday, shares of NYSE:TYG experienced a decline of $0.15, bringing the stock down to $43.66. A total of 53,616 shares were traded, slightly below the average volume of 55,323 shares. The company's 50-day moving average stands at $44.41, while the 200-day moving average is $42.56. Over the past year, Tortoise Energy Infrastructure has recorded a low of $29.54 and a high of $48.76.

Insider Transactions

In other developments, a significant shareholder, Saba Capital Management, L.P., sold 5,667 shares of Tortoise Energy Infrastructure on December 30th. The shares were sold at an average price of $41.61, totaling approximately $235,803.87. After this transaction, the insider maintains ownership of 1,061,234 shares, valued around $44,157,946.74. This sale reflects a 0.53% decrease in their holding. The transaction was officially reported to the Securities and Exchange Commission.

About Tortoise Energy Infrastructure Co.

Tortoise Energy Infrastructure Corporation is a closed-end equity mutual fund managed by Tortoise Capital Advisors LLC. The fund primarily invests in the public equity markets of the United States, focusing on companies within the energy infrastructure sector. This includes firms engaged in transporting, processing, storing, and distributing natural gas, liquids, coal, crude oil, or refined petroleum products.

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