Tortoise Power & Energy Infrstrct Fd Inc (TPZ) to Issue $0.13 Monthly Dividend
Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) declared a monthly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.125 per share by the investment management company on Friday, September 29th. This represents a $1.50 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend is Thursday, September 21st.
Tortoise Power & Energy Infrstrct Fd has increased its dividend payment by an average of 0.6% per year over the last three years.
Tortoise Power & Energy Infrstrct Fd (NYSE:TPZ) traded down 1.68% on Tuesday, reaching $20.50. 29,922 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $20.91 and a 200-day moving average price of $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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Tortoise Power & Energy Infrstrct Fd Company Profile
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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