Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Monday, April 23rd will be paid a dividend of 0.125 per share by the investment management company on Monday, April 30th. This represents a $1.50 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date is Friday, April 20th.
Shares of Tortoise Power & Energy Infrstrct Fd (NYSE TPZ) traded up $0.31 on Monday, reaching $19.46. The company had a trading volume of 14,976 shares, compared to its average volume of 33,027. Tortoise Power & Energy Infrstrct Fd has a 1 year low of $18.81 and a 1 year high of $23.38.
COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/12/tortoise-power-energy-infrstrct-fd-inc-plans-monthly-dividend-of-0-13-tpz.html.
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.
Receive News & Ratings for Tortoise Power & Energy Infrstrct Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Power & Energy Infrstrct Fd and related companies with MarketBeat.com's FREE daily email newsletter.