Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) Declares Monthly Dividend of $0.13
Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.125 per share by the investment management company on Thursday, November 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Tuesday, November 21st.
Tortoise Power & Energy Infrstrct Fd has increased its dividend payment by an average of 0.6% per year over the last three years.
Shares of Tortoise Power & Energy Infrstrct Fd (NYSE TPZ) traded down 1.68% during midday trading on Tuesday, hitting $20.50. 29,922 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $20.91 and its 200-day moving average is $21.92. Tortoise Power & Energy Infrstrct Fd has a 1-year low of $19.97 and a 1-year high of $23.46.
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About Tortoise Power & Energy Infrstrct Fd
Tortoise Power and Energy Infrastructure Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary objective is capital appreciation. It seeks to invest primarily in fixed income and dividend-paying equity securities of power and energy infrastructure companies.
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