Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) announced a monthly dividend on Tuesday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, October 24th will be paid a dividend of 0.125 per share by the investment management company on Tuesday, October 31st. This represents a $1.50 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Monday, October 23rd.
Tortoise Power & Energy Infrstrct Fd has increased its dividend by an average of 0.6% annually over the last three years.
Shares of Tortoise Power & Energy Infrstrct Fd (NYSE:TPZ) traded up 0.81% during mid-day trading on Friday, hitting $19.85. The company had a trading volume of 58,095 shares. Tortoise Power & Energy Infrstrct Fd has a 1-year low of $19.68 and a 1-year high of $23.46. The company has a 50-day moving average price of $20.80 and a 200-day moving average price of $21.76.
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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