Tortoise Energy Infrastructure Co. (TYG) to Issue — Dividend of $0.37 on February 28th

Tortoise Energy Infrastructure Co. (NYSE:TYG) announced a — dividend on Thursday, December 5th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.365 per share by the financial services provider on Friday, February 28th. This represents a dividend yield of 7.4%. The ex-dividend date is Friday, February 21st.

Tortoise Energy Infrastructure Trading Up 1.3 %

NYSE TYG opened at $46.06 on Wednesday. Tortoise Energy Infrastructure has a fifty-two week low of $28.91 and a fifty-two week high of $48.76. The stock has a 50 day simple moving average of $44.32 and a two-hundred day simple moving average of $41.28.

Insider Buying and Selling

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 9,211 shares of Tortoise Energy Infrastructure stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $42.46, for a total transaction of $391,099.06. Following the sale, the insider now directly owns 1,066,901 shares of the company’s stock, valued at approximately $45,300,616.46. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Prudential Financial Inc bought 1,500,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the transaction, the insider now directly owns 1,500,000 shares in the company, valued at approximately $15,000,000. This represents a ? increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by insiders.

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.